Peering Into Johnson Controls Intl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Johnson Controls Intl (NYSE:JCI) has seen a 17.54% increase in short interest, with 12.08 million shares sold short, representing 2.01% of its float. This is lower than the peer group average of 3.87%. The increase in short interest could indicate bearish sentiment but does not necessarily predict a near-term price drop.
June 11, 2024 | 7:45 pm
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Johnson Controls Intl (NYSE:JCI) has experienced a 17.54% increase in short interest, now at 2.01% of its float. This is lower than the peer group average of 3.87%. The rise in short interest could indicate bearish sentiment but does not necessarily predict a near-term price drop.
The significant increase in short interest suggests that more investors are betting against the stock, which could indicate bearish sentiment. However, the short interest is still below the peer average, and this does not necessarily predict a near-term price drop.
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