Peering Into Boeing's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Boeing's short interest has increased by 11.11%, with 13.56 million shares sold short, representing 2.2% of its float. This is slightly below the peer group average of 2.39%. The rise in short interest suggests a bearish sentiment, but it doesn't necessarily predict a near-term stock decline.
September 05, 2024 | 7:30 pm
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Boeing's short interest has increased by 11.11%, with 13.56 million shares sold short, representing 2.2% of its float. This is slightly below the peer group average of 2.39%. The rise in short interest suggests a bearish sentiment, but it doesn't necessarily predict a near-term stock decline.
The increase in short interest indicates a bearish sentiment among investors, but Boeing's short interest is still below the peer average. This suggests that while there is some negative sentiment, it is not extreme compared to its peers. The short interest data alone does not predict a stock price decline, hence a neutral short-term impact.
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