How Is The Market Feeling About Carpenter Tech?
Portfolio Pulse from Benzinga Insights
Carpenter Technology (NYSE:CRS) has seen a 24.65% increase in its short percent of float, now at 4.5%. This indicates a rise in bearish sentiment, although its short interest is still below the peer group average of 4.95%.
August 27, 2024 | 4:45 pm
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Carpenter Technology's short interest has increased by 24.65%, reaching 4.5% of its float. This suggests a rise in bearish sentiment, although it remains below the peer average of 4.95%.
The increase in short interest suggests that investors are becoming more bearish on Carpenter Technology. However, since the short interest is still below the peer average, the impact might be less severe. The market sentiment is likely to be cautious, potentially leading to a short-term price decline.
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