Looking Into RBC Bearings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
RBC Bearings (NYSE:RBC) has seen a 21.07% decrease in its short percent of float, now at 3.82%. This indicates a shift in market sentiment, with fewer shares being shorted. The company's short interest is higher than its peer group average of 2.44%.
August 14, 2024 | 3:00 pm
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RBC Bearings has experienced a 21.07% decrease in short interest, now at 3.82% of its float. This suggests a shift towards a more bullish sentiment among traders.
The significant decrease in short interest suggests that traders are becoming less bearish on RBC Bearings. This could lead to a short-term positive impact on the stock price as fewer investors are betting against it.
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