Looking Into Howmet Aerospace's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Howmet Aerospace (NYSE:HWM) has seen a 36.36% increase in its short percent of float since the last report, with 6.82 million shares sold short, representing 2.1% of its available trading shares. This increase in short interest indicates a more bearish market sentiment towards HWM, although it has less short interest compared to its peer group average of 2.64%. The article suggests that an increase in short interest does not necessarily predict a near-term price fall.
April 08, 2024 | 8:45 pm
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Howmet Aerospace has experienced a significant increase in short interest, indicating a bearish market sentiment but remains below its peer average.
The increase in short interest for Howmet Aerospace suggests that investors are becoming more bearish on the stock. However, since it's below the peer average, this might not be as negative as it appears at first glance. The short interest could lead to a short squeeze if the market sentiment shifts, potentially causing the stock price to rise in the short term. Nonetheless, the current data indicates a bearish outlook.
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IMPORTANCE 70
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