(BA) - Analyzing Boeing's Short Interest
Portfolio Pulse from Benzinga Insights
Boeing's (NYSE:BA) short interest has decreased by 9.52%, now standing at 9.20 million shares or 1.52% of its float. This decline in short interest, which indicates fewer shares are being bet against the company, could reflect a more bullish sentiment among investors. Boeing's short interest is below its peer group average of 2.92%, suggesting it is performing relatively well in this aspect.
February 09, 2024 | 1:30 pm
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Boeing's short interest has decreased, indicating a potential increase in bullish sentiment among investors. This could lead to short-term positive momentum in BA's stock price.
A decrease in short interest typically indicates that fewer investors are betting against the stock, which can be a sign of increasing confidence in the company's prospects. Given Boeing's significant decrease in short interest and its performance relative to peers, this could lead to positive short-term price movement.
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