How Is The Market Feeling About Adient?
Portfolio Pulse from Benzinga Insights
Adient (NYSE:ADNT) has seen a 5.8% increase in its short percent of float, now at 7.66%. This indicates a bearish sentiment among investors, as it would take 3.94 days to cover these short positions. Adient's short interest is higher than its peer group average of 7.24%.
June 27, 2024 | 5:15 pm
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Adient's short percent of float has increased by 5.8%, now at 7.66%, indicating a bearish sentiment among investors. It would take 3.94 days to cover these short positions, which is higher than its peer group average.
The increase in short interest suggests that investors are bearish on Adient's stock. This could lead to downward pressure on the stock price in the short term as more investors bet against it.
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