Peering Into RTX's Recent Short Interest
Portfolio Pulse from Benzinga Insights
RTX (NYSE:RTX) has seen a 10.79% decrease in short interest since the last report, with 61.82 million shares sold short, representing 4.3% of available shares. The short interest is higher than the peer group average of 2.81%. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise.
January 15, 2024 | 4:00 pm
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RTX's short interest has decreased, which may indicate a more bullish sentiment among investors. However, this is not a definitive predictor of near-term price movement.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a potential increase in price. However, the impact on the stock price is not guaranteed and will depend on broader market conditions and company performance.
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