Peering Into L3Harris Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
L3Harris Technologies (NYSE:LHX) has seen a decrease in short interest, now at 1.07% of its float, down 6.96% from the last report. With 1.81 million shares sold short, it would take about 1.55 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards LHX compared to its peers, where the average short interest as a percentage of float is 2.46%.
May 13, 2024 | 6:00 pm
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The decrease in short interest for L3Harris Technologies suggests a potential increase in bullish sentiment among investors, possibly leading to a short-term positive impact on its stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, potentially leading to an increase in its price in the short term. Given that LHX's short interest is below its peer group average, this could further suggest stronger relative confidence in the company's near-term performance.
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IMPORTANCE 75
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