Peering Into General Dynamics's Recent Short Interest
Portfolio Pulse from Benzinga Insights
General Dynamics's (NYSE:GD) short percent of float has risen 25.29% since its last report, with 2.64 million shares sold short, which is 1.09% of all regular shares available for trading. It would take traders 1.76 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average at 2.67%.
November 07, 2023 | 3:15 pm
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General Dynamics's short percent of float has risen 25.29%, indicating increased bearish sentiment. However, it has less short interest than most of its peers.
The rise in short interest indicates that more investors are betting that the price of General Dynamics's stock will fall. However, the fact that it has less short interest than most of its peers could suggest that the bearish sentiment is not as strong as it might seem.
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