(RRX) - Analyzing Regal Rexnord's Short Interest
Portfolio Pulse from Benzinga Insights
Regal Rexnord's short interest has decreased by 19.05%, with 986,000 shares sold short, representing 1.87% of its float. This is lower than its peers' average short interest of 11.61%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
August 27, 2024 | 2:45 pm
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Regal Rexnord's short interest has decreased by 19.05%, with 986,000 shares sold short, representing 1.87% of its float. This is lower than its peers' average short interest of 11.61%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
The decrease in short interest suggests that investors are less bearish on Regal Rexnord compared to before. With short interest lower than its peers, this could indicate a more positive outlook on the stock, potentially leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100