Looking Into Carrier Global's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Carrier Global's short interest has increased by 20.94%, with 13.15 million shares sold short, representing 2.31% of its float. This is below the peer average of 4.04%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
September 10, 2024 | 1:00 pm
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Carrier Global's short interest has increased by 20.94%, with 13.15 million shares sold short, representing 2.31% of its float. This is below the peer average of 4.04%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest by 20.94% indicates a bearish sentiment among investors, as more shares are being shorted. However, the short interest is still below the peer average, which might mitigate the negative impact. The short interest data suggests potential downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100