Peering Into Honeywell Intl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Honeywell Intl (NYSE:HON) has seen a decrease in short interest, with the short percent of float dropping 3.23% since the last report. The company has 5.92 million shares sold short, representing 0.9% of available shares. The average time to cover these short positions is 2.06 days. A decrease in short interest may indicate a more bullish sentiment among investors. Honeywell's short interest is below its peer group average of 1.21%.
January 30, 2024 | 3:30 pm
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Honeywell Intl's short interest has decreased, which could be a sign of increasing bullish sentiment among investors, potentially leading to a positive short-term impact on the stock price.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to an increase in the stock price in the short term. However, the article also cautions that this does not necessarily mean the stock will rise immediately. The confidence score is not at the maximum because market sentiment is not the only factor affecting stock prices.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100