(JCI) - Analyzing Johnson Controls Intl's Short Interest
Portfolio Pulse from Benzinga Insights
Johnson Controls Intl's (NYSE:JCI) short percent of float has risen 9.68% since its last report, with 4.60 million shares sold short, which is 0.68% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Johnson Controls Intl's short interest as a percentage of float is less, with an average of 3.62%.
October 26, 2023 | 5:00 pm
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Johnson Controls Intl's short interest has increased, indicating a bearish market sentiment. However, it's less than its peers' average.
The increase in short interest indicates that traders are expecting the price of JCI to fall, which is a bearish signal. However, the fact that JCI's short interest is less than its peers' average could mean that the bearish sentiment is not as strong for JCI as it is for its peers.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100