How Is The Market Feeling About Modine Manufacturing?
Portfolio Pulse from Benzinga Insights
Modine Manufacturing (NYSE:MOD) has seen a 9.21% increase in short percent of float since its last report, with 2.12 million shares sold short, representing 4.15% of available shares. This indicates a bearish sentiment among investors, although it's not a definitive predictor of stock price movement. Compared to its peers, MOD has a lower short interest percentage, suggesting it's performing relatively well within its group.
February 08, 2024 | 2:45 pm
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Modine Manufacturing has experienced a significant increase in short interest, indicating a bearish sentiment among investors. However, its performance relative to peers suggests resilience.
The increase in short interest for Modine Manufacturing suggests that investors are becoming more bearish on the stock. However, the fact that it has a lower short interest compared to its peers might mitigate the negative impact slightly. The short-term impact is likely negative due to the increased bearish sentiment, but the company's relative performance could provide some support.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90