(GT) - Analyzing Goodyear Tire & Rubber's Short Interest
Portfolio Pulse from Benzinga Insights
Goodyear Tire & Rubber (GT) has seen a 22.41% increase in short interest since its last report, with 13.97 million shares sold short, representing 6.39% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 8.20%. The coverage time for these short positions is approximately 3.46 days.
February 19, 2024 | 6:30 pm
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Goodyear Tire & Rubber's short interest has increased by 22.41%, indicating a bearish market sentiment but still below its peer average.
The increase in short interest suggests that investors are becoming more bearish on GT, potentially leading to downward pressure on the stock price in the short term. However, being below the peer average might mitigate some negative impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90