How Is The Market Feeling About Northrop Grumman?
Portfolio Pulse from Benzinga Insights
Northrop Grumman's short interest has increased by 14.12%, with 1.41 million shares sold short, representing 0.97% of its float. This is lower than the peer group average of 2.99%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
August 26, 2024 | 5:15 pm
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Northrop Grumman's short interest has increased by 14.12%, indicating a potential bearish sentiment. However, its short interest is still below the peer average, suggesting less bearishness compared to peers.
The increase in short interest suggests that traders are more bearish on Northrop Grumman. However, since its short interest is below the peer average, the bearish sentiment is not as strong as for its peers. This could lead to short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100