(GD) - Analyzing General Dynamics's Short Interest
Portfolio Pulse from Benzinga Insights
General Dynamics (NYSE:GD) has seen a 20.56% decrease in short interest since its last report, with 2.07 million shares sold short, representing 0.85% of its float. The average time to cover these short positions is 2.62 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. General Dynamics has a lower short interest compared to its peer group average of 2.95%.
December 18, 2023 | 1:00 pm
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General Dynamics'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 a stock, which can lead to a rise in its price as short sellers cover their positions. However, short interest is just one of many factors that can affect stock prices, and there is no guarantee that the price will increase.
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