(HEI) - Analyzing Heico's Short Interest
Portfolio Pulse from Benzinga Insights
Heico (NYSE:HEI) has seen a 6.71% increase in its short percent of float, now at 3.5%. This indicates a bearish sentiment among investors, as it surpasses the peer group average of 2.31%. It would take traders 4.39 days to cover their short positions.
May 23, 2024 | 2:00 pm
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Heico's short interest has increased by 6.71%, now at 3.5% of its float. This suggests a bearish sentiment among investors, as it is higher than the peer group average of 2.31%. It would take 4.39 days to cover short positions.
The increase in short interest indicates a bearish sentiment among investors, which could lead to downward pressure on the stock price in the short term. The fact that Heico's short interest is higher than its peers further supports this bearish outlook.
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