(SPXC) - Analyzing SPX Techs's Short Interest
Portfolio Pulse from Benzinga Insights
SPX Techs (NYSE:SPXC) has seen a 10% increase in its short percent of float, now at 1.87%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 3.22%. It would take traders 2.04 days to cover their short positions.
June 05, 2024 | 6:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
SPX Techs has experienced a 10% increase in short interest, now at 1.87% of its float. This suggests a rise in bearish sentiment, although it remains below the peer group average of 3.22%. Traders should be aware that it would take 2.04 days to cover short positions.
The increase in short interest indicates a rise in bearish sentiment towards SPX Techs. Although the short interest is still below the peer group average, the 10% rise suggests that more traders are betting against the stock. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100