(AVAV) - Analyzing AeroVironment's Short Interest
Portfolio Pulse from Benzinga Insights
AeroVironment's (NYSE:AVAV) short interest has decreased by 7.46%, with 1.02 million shares sold short, representing 4.34% of its float. This is higher than the peer group average of 2.21%. It would take traders 2.88 days to cover their short positions.
August 01, 2024 | 2:30 pm
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AeroVironment's short interest has decreased by 7.46%, now at 4.34% of its float, which is higher than the peer group average of 2.21%. It would take traders 2.88 days to cover their short positions.
The decrease in short interest suggests a more bullish sentiment among investors. Although the short interest is still higher than the peer average, the reduction could lead to a short-term price increase as traders cover their positions.
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