Peering Into BWX Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
BWX Technologies (NYSE:BWXT) has seen a 19.63% increase in short interest, with 1.05 million shares sold short, representing 1.28% of its float. This is lower than the peer group average of 2.46%. The increase in short interest could indicate bearish sentiment, but it doesn't necessarily mean the stock will fall in the near term.
May 31, 2024 | 4:30 pm
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BWX Technologies has experienced a 19.63% increase in short interest, now at 1.28% of its float. This is lower than the peer average of 2.46%. The rise in short interest could indicate bearish sentiment, but it doesn't necessarily mean the stock will fall in the near term.
The increase in short interest suggests that more investors are betting against BWX Technologies, which could be seen as a bearish signal. However, the short interest is still below the peer average, and the article notes that this does not necessarily mean the stock will fall in the near term.
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