Looking Into Howmet Aerospace's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Howmet Aerospace (NYSE:HWM) has seen a 33.33% increase in its short percent of float since the last report, with 4.82 million shares sold short, representing 1.48% of available shares. This indicates a bearish sentiment among investors, although it's not a definitive predictor of stock price movement. Howmet's short interest is below its peer group average of 2.99%, suggesting less bearish sentiment compared to its peers.
February 21, 2024 | 5:45 pm
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Howmet Aerospace has experienced a significant increase in short interest, indicating a bearish market sentiment. However, its short interest is still below the peer group average.
The increase in short interest suggests that investors are becoming more bearish on Howmet Aerospace, potentially leading to downward pressure on the stock price in the short term. However, being below the peer average might mitigate some negative impact, indicating a mixed sentiment when compared to its peers.
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IMPORTANCE 70
RELEVANCE 90