How Is The Market Feeling About Caterpillar?
Portfolio Pulse from Benzinga Insights
Caterpillar's (NYSE:CAT) short percent of float has fallen 5.34% since its last report, indicating a more bullish sentiment among traders. The company has 6.33 million shares sold short, which is 1.24% of all regular shares available for trading. Compared to its peers, Caterpillar has less short interest as a percentage of float, with an average of 4.80%.
October 26, 2023 | 2:30 pm
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Decrease in short interest indicates a more bullish sentiment towards Caterpillar. This could potentially lead to an increase in the stock price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, potentially leading to an increase in the stock price. Caterpillar's short interest has decreased, indicating a more bullish sentiment among traders.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100