Looking Into Archer Aviation's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Archer Aviation (NYSE: ACHR) has seen a 15.04% increase in its short percent of float, now at 26.01%. This indicates a bearish sentiment among investors, as it would take traders 4.83 days to cover their short positions. The company's short interest is significantly higher than its peers, whose average is 7.65%.
July 26, 2024 | 2:15 pm
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Archer Aviation's short interest has increased by 15.04%, now at 26.01% of float. This suggests a bearish sentiment among investors, as it would take 4.83 days to cover short positions. The company's short interest is significantly higher than its peers.
The significant increase in short interest indicates a bearish sentiment among investors. This could lead to downward pressure on the stock price in the short term as more investors are betting against the stock.
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