Looking Into RTX's Recent Short Interest
Portfolio Pulse from Benzinga Insights
RTX's (NYSE:RTX) short interest has decreased by 19.46% since the last report, with 89.75 million shares sold short, representing 6.25% of available shares. The short interest is higher than the peer group average of 2.76%. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise.
November 30, 2023 | 7:30 pm
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POSITIVE IMPACT
RTX's short interest has decreased, which may indicate a more bullish sentiment among investors. However, the short interest is still above the peer group average, suggesting caution.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a potential increase in its price in the short term. However, the fact that RTX's short interest is still higher than its peers' average may temper the positive impact. The score reflects a cautiously optimistic outlook based on the reported data.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100