How Is The Market Feeling About Rockwell Automation?
Portfolio Pulse from Benzinga Insights
Rockwell Automation (NYSE:ROK) has seen a decrease in short interest, with the short percent of float dropping 7.73% since the last report. The company has 2.17 million shares sold short, representing 2.15% of available shares for trading. The current short interest suggests a more bullish market sentiment towards ROK compared to the peer group average of 12.25% short interest as a percentage of float.
December 19, 2023 | 7:02 pm
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Rockwell Automation's short interest has decreased, indicating a more bullish sentiment among investors. With a lower short interest compared to its peers, ROK may see a positive short-term impact on its 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. Since ROK's short interest is below the peer group average, this could be seen as a positive sign by the market, potentially leading to an increase in the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80