How Is The Market Feeling About Regal Rexnord?
Portfolio Pulse from Benzinga Insights
Regal Rexnord (NYSE:RRX) has seen a 51.74% increase in its short percent of float, now at 2.61% of all regular shares. This indicates a rise in bearish sentiment, although it remains below the peer group average of 10.42%. Traders should be aware of the increased short interest.
June 17, 2024 | 3:45 pm
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Regal Rexnord's short percent of float has increased by 51.74%, now at 2.61%. This rise in short interest suggests growing bearish sentiment, although it remains below the peer average of 10.42%.
The significant increase in short interest indicates that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
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