Peering Into GE Aero's Recent Short Interest
Portfolio Pulse from Benzinga Insights
GE Aero's short interest has risen by 6.25%, with 11.12 million shares sold short, representing 1.02% of its float. This is lower than the peer group average of 2.47%. 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 | 6:15 pm
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GE Aero's short interest has increased by 6.25%, with 11.12 million shares sold short, representing 1.02% of its float. This is lower than the peer group average of 2.47%. 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 GE Aero, which could indicate bearish sentiment. However, the short interest is still below the peer average, and this alone doesn't guarantee a price drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100