Peering Into Johnson Controls Intl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Johnson Controls Intl (NYSE:JCI) has experienced a 34.04% increase in short interest since its last report, with 8.57 million shares sold short, representing 1.26% of its float. It would take about 1.8 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, JCI's short interest is below its peer group average of 3.92%. This information suggests investor caution but does not necessarily predict a near-term price drop.
November 13, 2023 | 1:30 pm
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Johnson Controls Intl's short interest has increased, which may indicate bearish sentiment among investors. However, the level is still below the peer group average, suggesting a less negative outlook compared to its peers.
The increase in short interest for JCI indicates that some investors are expecting the stock price to decline. However, since the short interest is below the peer average, it does not strongly suggest a significant near-term price movement. The score is neutral because short interest is just one of many factors that can affect stock prices, and the article does not provide conclusive evidence of a price trend.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100