How Is The Market Feeling About GE Aero?
Portfolio Pulse from Benzinga Insights
GE Aero's short interest has increased by 6.52%, with 10.54 million shares sold short, representing 0.98% of its float. This is lower than its peers' average of 2.46%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
September 09, 2024 | 5:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
GE Aero's short interest has increased, indicating a potential bearish sentiment. However, its short interest is still below the peer average, suggesting less bearishness compared to peers.
The increase in short interest suggests that investors are becoming more bearish on GE Aero. However, since the short interest is still below the peer average, it indicates that the bearish sentiment is not as strong as it could be. This could lead to short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100