Looking Into Honeywell Intl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Honeywell International (NYSE: HON) has seen an 18.18% increase in its short percent of float, now at 1.17% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, compared to its peers, Honeywell's short interest is still lower than the average of 5.25%.
June 25, 2024 | 2:30 pm
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Honeywell International has experienced an 18.18% increase in short interest, now at 1.17% of its float. This rise in short interest suggests a growing bearish sentiment among investors. However, its short interest remains lower than the peer group average of 5.25%.
The increase in short interest indicates that more investors are betting against Honeywell's stock, which could lead to downward pressure on the stock price in the short term. However, the fact that its short interest is still below the peer average may mitigate some of this negative sentiment.
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