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
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
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.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90