How Is The Market Feeling About Applied Industrial Techs?
Portfolio Pulse from Benzinga Insights
Applied Industrial Techs (NYSE:AIT) has seen a 13.5% decrease in its short percent of float, now at 2.37%. This is lower than its peers' average of 4.49%, indicating a more bullish sentiment. It would take traders 2.26 days to cover short positions.
September 12, 2024 | 5:00 pm
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Applied Industrial Techs has experienced a 13.5% decrease in short interest, now at 2.37% of float, which is below the peer average of 4.49%. This suggests a more bullish market sentiment towards AIT.
The decrease in short interest suggests that investors are less bearish on AIT compared to its peers, which could lead to a positive short-term price movement. The lower short interest relative to peers indicates a more favorable market sentiment.
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