(RTX) - Analyzing RTX's Short Interest
Portfolio Pulse from Benzinga Insights
RTX's short interest has fallen by 23.6%, with 25.39 million shares sold short, representing 1.91% of its float. This is lower than its peers' average of 2.41%. It would take traders 4.37 days to cover their short positions.
June 19, 2024 | 3:45 pm
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RTX's short interest has decreased by 23.6%, now at 1.91% of its float, which is lower than its peers' average of 2.41%. This indicates a less bearish sentiment towards the stock.
The decrease in short interest suggests that investors are becoming less bearish on RTX. This could lead to a positive short-term impact on the stock price as fewer investors are betting against it.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100