(MOD) - Analyzing Modine Manufacturing's Short Interest
Portfolio Pulse from Benzinga Insights
Modine Manufacturing's short interest has decreased by 9.69%, with 3.04 million shares sold short, representing 6.62% of its float. This is lower than the peer average of 7.90%, indicating a relatively bullish sentiment.
August 30, 2024 | 3:30 pm
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Modine Manufacturing's short interest has decreased by 9.69%, with 3.04 million shares sold short, representing 6.62% of its float. This is lower than the peer average of 7.90%, indicating a relatively bullish sentiment.
The decrease in short interest suggests a shift towards a more bullish sentiment among investors. With short interest below the peer average, it indicates that investors may have more confidence in Modine Manufacturing compared to its peers. This could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100