How Is The Market Feeling About Carrier Global?
Portfolio Pulse from Benzinga Insights
Carrier Global (NYSE:CARR) has seen a decrease in short interest, with the short percent of float dropping 8.47% since the last report. The company has 24.08 million shares sold short, representing 3.24% of available shares. The average time to cover these short positions is 4.79 days. A decrease in short interest can indicate a more bullish sentiment from investors. Carrier Global has less short interest compared to its peer group average of 3.89%.
January 01, 2024 | 2:45 pm
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Carrier Global's short interest has decreased, which may suggest a more bullish sentiment among investors and could lead to a potential short-term increase in stock price.
The reduction in short interest for Carrier Global indicates that fewer investors are betting on the stock price to fall, which could reduce selling pressure and potentially lead to a short-term increase in the stock price. However, short interest is just one of many factors that can affect stock prices, and the article does not suggest an immediate rise in the stock price.
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