Peering Into Westinghouse Air Brake's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Westinghouse Air Brake (NYSE:WAB) has seen a 4.31% increase in its short percent of float, now at 1.21% of available shares. This is below the peer group average of 5.28%. Short interest can indicate market sentiment, with increased shorting suggesting bearish views.
August 29, 2024 | 6:45 pm
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Westinghouse Air Brake's short interest has increased by 4.31%, now at 1.21% of float, which is below the peer average of 5.28%. This rise in short interest could indicate a bearish sentiment among investors.
The increase in short interest suggests that investors are becoming more bearish on WAB, which could lead to downward pressure on the stock price. However, the short interest is still below the peer average, which might mitigate the impact.
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