Looking Into L3Harris Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
L3Harris Technologies (NYSE:LHX) has seen a 10.98% decrease in short interest, with 1.37 million shares sold short, representing 0.73% of available shares. The average time to cover these short positions is 1.6 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. L3Harris has a lower short interest compared to its peer group average of 2.91%.
December 13, 2023 | 8:15 pm
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L3Harris Technologies has experienced a significant decrease in short interest, which may suggest a more bullish sentiment from investors in the short term.
The reduction in short interest for L3Harris Technologies indicates that fewer investors are betting on the stock price to fall, which could lead to a positive perception and potentially an increase in stock price in the short term. However, the article also suggests that a decrease in short interest does not necessarily predict a near-term rise in stock price, so while the sentiment is more bullish, the impact on the stock price is not guaranteed.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100