Peering Into L3Harris Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
L3Harris Technologies's (NYSE:LHX) short percent of float has fallen 3.23% since its last report, with 1.69 million shares sold short, which is 0.9% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, L3Harris has less short interest.
November 06, 2023 | 3:15 pm
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Decrease in short interest in L3Harris Technologies could indicate a more bullish sentiment among traders. However, this does not guarantee a rise in the stock's price in the near term.
Short interest is an indicator of market sentiment. A decrease in short interest could mean that traders are less bearish about the stock, which could potentially lead to an increase in the stock's price. However, other factors also influence the stock price, so a decrease in short interest does not guarantee a price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100