How Is The Market Feeling About Crane?
Portfolio Pulse from Benzinga Insights
Crane (NYSE:CR) has seen a 23.13% increase in its short percent of float since the last report, with 778 thousand shares sold short, representing 1.81% of available shares. This indicates a bearish market sentiment, although it's below the peer group average of 3.03% short interest. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall.
March 13, 2024 | 8:15 pm
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Crane's short interest has increased, indicating a bearish sentiment but remains below peer average.
The increase in short interest suggests that investors are becoming more bearish on Crane. However, since the short interest is still below the peer group average, it indicates that while sentiment is negative, it may not be as severe compared to its peers. This nuanced view is critical for investors considering short-term positions in CR.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90