Peering Into Howmet Aerospace's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Howmet Aerospace (NYSE:HWM) has seen a 16.29% increase in short interest, with 11.04 million shares sold short, representing 3.07% of its float. This is higher than the peer group average of 2.43%. It would take traders 2.93 days to cover their short positions.
July 22, 2024 | 2:30 pm
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Howmet Aerospace has experienced a significant increase in short interest, now at 3.07% of its float, which is higher than its peers. This indicates a bearish sentiment among investors.
The increase in short interest suggests that more investors are betting against Howmet Aerospace, indicating a bearish sentiment. This could lead to downward pressure on the stock price in the short term.
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