Looking Into L3Harris Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
L3Harris Technologies (NYSE:LHX) has seen a 10% decrease in short interest, with 1.53 million shares sold short, representing 0.81% of available shares. The average time to cover these short positions is 1 day. A decrease in short interest may indicate a more bullish sentiment towards LHX compared to its peers, which have an average short interest of 3.24% of float.
November 23, 2023 | 4:00 pm
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L3Harris Technologies's short interest has decreased, which could suggest a more bullish sentiment among investors and potentially less downward pressure on the stock price in the short term.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to less selling pressure and potentially a rise in the stock price. 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 maximum level.
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