Peering Into AAON's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AAON's short interest has risen by 30.4%, with 4.04 million shares sold short, representing 6.82% of its float. This is higher than the peer group average of 4.15%. It would take traders 5.78 days to cover their short positions.
July 05, 2024 | 6:00 pm
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NEGATIVE IMPACT
AAON's short interest has increased significantly, indicating bearish sentiment among investors. The short interest is now 6.82% of the float, higher than the peer average of 4.15%.
The significant increase in short interest suggests that investors are bearish on AAON's stock. This could lead to downward pressure on the stock price in the short term as more investors bet against it.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100