How Is The Market Feeling About RTX?
Portfolio Pulse from Benzinga Insights
RTX (NYSE:RTX) has seen a 15.68% decrease in short interest since its last report, with 75.66 million shares sold short, representing 5.27% of its float. The average time to cover these short positions is 10.51 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. RTX has a higher short interest than its peer group average of 2.55%. Short interest is a key indicator of market sentiment and changes in short interest can have implications for stock performance.
December 21, 2023 | 4:30 pm
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RTX has experienced a significant decrease in short interest, which may suggest a more bullish sentiment among investors and could potentially lead to a short-term increase in stock price.
The decrease in short interest for RTX indicates that fewer traders are betting against the stock, which could be taken as a positive sign by the market. This reduction in bearish bets might lead to a short-term uptick in RTX's stock price as investor sentiment improves. However, the impact on the stock price will also depend on broader market conditions and company-specific news.
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