Peering Into Northrop Grumman's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Northrop Grumman (NYSE:NOC) has seen a 9.57% increase in short interest since the last report, with 1.56 million shares sold short, representing 1.03% of available shares. The average time to cover these short positions is 1.71 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a stock price decline. Northrop Grumman's short interest is below its peer group average of 3.00%.
November 28, 2023 | 7:45 pm
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Northrop Grumman's short interest has increased, which may indicate bearish sentiment among investors, but it remains below the peer group average.
While the increase in short interest suggests that some investors are expecting the price of NOC to fall, the fact that it is below the peer average and the article does not predict a price decline means the impact is likely to be neutral in the short term.
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