Peering Into RBC Bearings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
RBC Bearings (NYSE:RBC) has seen a significant rise in short interest, with 1.35 million shares sold short, representing 5.24% of its float. This is higher than the peer group average of 3.21%. The increase in short interest suggests bearish sentiment among investors.
June 20, 2024 | 5:15 pm
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RBC Bearings has experienced a rise in short interest to 5.24% of its float, which is higher than its peers' average of 3.21%. This indicates increased bearish sentiment among investors.
The increase in short interest suggests that investors are more bearish on RBC Bearings compared to its peers. This could lead to downward pressure on the stock price in the short term.
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