Looking Into ITT's Recent Short Interest
Portfolio Pulse from Benzinga Insights
ITT's short interest has increased by 4.12%, with 639,000 shares sold short, representing 1.01% of its float. This is below the peer group average of 2.53%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
August 30, 2024 | 2:15 pm
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NEUTRAL IMPACT
ITT's short interest has increased by 4.12%, with 639,000 shares sold short, representing 1.01% of its float. This is below the peer group average of 2.53%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest suggests a bearish sentiment among investors, but since ITT's short interest is still below the peer average, the impact on the stock price may be neutral in the short term. The market sentiment is mixed, and the short interest alone does not guarantee a price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100