How Is The Market Feeling About Adient?
Portfolio Pulse from Benzinga Insights
Adient (NYSE:ADNT) has seen a 6.14% increase in its short percent of float, now at 8.13%. This indicates a bearish sentiment among investors, as it surpasses the peer group average of 7.23%. It would take traders 5.02 days to cover their short positions.
July 16, 2024 | 5:45 pm
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Adient's short percent of float has increased by 6.14%, now at 8.13%, indicating a bearish sentiment among investors. This is higher than the peer group average of 7.23%.
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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