Peering Into GE Aero's Recent Short Interest
Portfolio Pulse from Benzinga Insights
GE Aero (NYSE:GE) has seen a decrease in short interest, with the short percent of float falling 4.76% to 1.0% of all shares available for trading. The current short interest stands at 10.93 million shares, with a cover time of 1.04 days based on trading volume. This decline in short interest may indicate a more bullish sentiment towards GE Aero compared to its peers, where the average short interest as a percentage of float is 2.44%.
May 08, 2024 | 1:00 pm
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GE Aero's short interest has decreased, indicating a potential bullish sentiment among investors. With a short percent of float now at 1.0%, it suggests less market expectation for the stock price to fall.
A decrease in short interest typically suggests that investors are less bearish on the stock, potentially leading to less downward pressure on the stock price in the short term. Given GE Aero's lower short interest compared to its peers, this could be seen as a positive indicator for its stock price, especially in a market where peer average short interest is significantly higher.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90