Peering Into Carrier Global's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Carrier Global (NYSE:CARR) has seen a 12.29% decrease in short interest, with 26.53 million shares sold short, representing 3.57% of its float. The average time to cover these short positions is 4.11 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Carrier Global has a lower short interest compared to its peer group average of 3.82%.
November 15, 2023 | 3:00 pm
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Carrier Global's short interest has decreased, which may suggest a more bullish sentiment among investors and could potentially lead to a short-term increase in stock price.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to a short-term increase in its price as the market sentiment improves. However, the article also cautions that this does not necessarily mean the stock will rise in the near term, hence the importance is not at the highest level.
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