How Is The Market Feeling About Spirit AeroSystems Hldgs?
Portfolio Pulse from Benzinga Insights
Spirit AeroSystems Holdings (NYSE:SPR) has seen a 3.38% increase in short percent of float since its last report, with 10.23 million shares sold short, representing 8.87% of available shares. This indicates a bearish market sentiment towards SPR, although it's not a definitive predictor of stock price movement. SPR's short interest is significantly higher than its peer group average of 2.09%, suggesting more bearish sentiment compared to its peers.
April 16, 2024 | 1:30 pm
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Spirit AeroSystems Holdings sees a notable increase in short interest, indicating bearish market sentiment but also potential for a short squeeze.
The increase in short interest for SPR suggests that the market sentiment is currently bearish. However, high short interest can sometimes lead to a short squeeze if the stock price starts to rise, forcing short sellers to cover their positions. This makes the short-term impact on SPR's stock price uncertain, as it could potentially lead to both downward or upward pressure depending on market dynamics and investor reactions.
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