How Is The Market Feeling About Intuitive Machines?
Portfolio Pulse from Benzinga Insights
Intuitive Machines (NYSE:LUNR) has seen a 20.8% increase in its short percent of float, now at 22.3%. This indicates a bearish sentiment among investors, as it would take 3.72 days to cover short positions. The company's short interest is significantly higher than its peers, whose average is 5.94%.
June 24, 2024 | 4:45 pm
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Intuitive Machines (NYSE:LUNR) has experienced a significant increase in short interest, now at 22.3% of its float. This suggests a bearish sentiment among investors, which could lead to increased volatility in the stock price.
The significant increase in short interest indicates that investors are bearish on Intuitive Machines. This could lead to downward pressure on the stock price in the short term, as more investors are betting against the company.
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