(HON) - Analyzing Honeywell Intl's Short Interest
Portfolio Pulse from Benzinga Insights
Honeywell Intl's (NYSE:HON) short interest has increased by 14.74% since the last report, with 7.20 million shares sold short, representing 1.09% of available trading shares. It would take about 3.28 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Honeywell has less short interest compared to its peer group average of 2.58%.
December 19, 2023 | 4:15 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Honeywell Intl's short interest has risen, indicating potential bearish sentiment among investors. However, with short interest below its peer group average, the impact may be muted.
The increase in short interest for Honeywell Intl suggests that some investors are expecting the stock price to decline. However, since the short interest is still lower than the peer group average, it may not have a significant impact on the stock price in the short term. The article does not provide any specific negative information about the company that would justify a strong bearish outlook.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80