(APTV) - Analyzing Aptiv's Short Interest
Portfolio Pulse from Benzinga Insights
Aptiv's (NYSE:APTV) short percent of float has risen 5.15% since its last report, with 2.56 million shares sold short, which is 1.02% of all regular shares available for trading. It would take traders 1.23 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Aptiv's peer group average for short interest as a percentage of float is 5.98%, which means the company has less short interest than most of its peers.
October 26, 2023 | 2:30 pm
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Aptiv's short percent of float has increased, indicating a potentially bearish sentiment among investors. However, compared to its peers, Aptiv has less short interest.
The increase in short interest indicates that more investors are betting against Aptiv, which could put downward pressure on the stock price in the short term. However, the fact that Aptiv has less short interest than its peers could mean that it is less likely to experience a significant drop in price compared to other companies in its industry.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100