How Is The Market Feeling About Johnson Controls Intl?
Portfolio Pulse from Benzinga Insights
Johnson Controls Intl (NYSE:JCI) has seen a decrease in short interest, with the short percent of float dropping 12.68% since the last report. The company has 8.44 million shares sold short, which is 1.24% of available shares for trading. The current short interest suggests a bullish sentiment compared to the peer group average of 3.98% short interest as a percentage of float.
December 28, 2023 | 6:00 pm
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Johnson Controls Intl's short interest has decreased, indicating a more bullish market sentiment towards the stock. With a lower short interest compared to its peers, JCI may experience less downward pressure from short sellers.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can reduce the likelihood of downward pressure on the stock price. Since JCI's short interest is below the peer group average, this could be a positive sign for the stock in the short term. However, short interest is just one of many factors that can affect stock prices, so while the impact is likely positive, it is not guaranteed.
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