Peering Into RTX's Recent Short Interest
Portfolio Pulse from Benzinga Insights
RTX's short interest has decreased by 5.81% since the last report, with 58.26 million shares sold short, representing 4.05% of its float. This decline in short interest could indicate a more bullish sentiment towards RTX among traders. RTX's short interest is higher than its peer group average of 2.80%, suggesting more bearish sentiment compared to its peers.
February 08, 2024 | 4:45 pm
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The decrease in short interest for RTX suggests a potential shift towards a more bullish sentiment among traders, possibly leading to a short-term positive impact on its stock price.
A decrease in short interest typically indicates that fewer traders are betting on the stock's decline, which can be interpreted as a positive sentiment shift. Given RTX's higher short interest compared to its peers, this reduction might attract more bullish investors, potentially driving up the stock price in the short term.
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