Looking Into Northrop Grumman's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Northrop Grumman's short interest has risen by 10.32%, with 2.05 million shares sold short, representing 1.39% of its float. This is lower than the peer group average of 2.42%. Increased short interest can indicate bearish sentiment but does not necessarily predict a stock price decline.
May 21, 2024 | 8:15 pm
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NEGATIVE IMPACT
Northrop Grumman's short interest has increased by 10.32%, with 2.05 million shares sold short, representing 1.39% of its float. This is lower than the peer group average of 2.42%.
The increase in short interest suggests that more investors are betting against Northrop Grumman, which could indicate bearish sentiment. However, the short interest is still below the peer average, which may mitigate the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100