Looking Into Howmet Aerospace's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Howmet Aerospace (NYSE:HWM) has seen a 6.76% increase in its short percent of float, now at 2.37% of available shares. This indicates a rise in bearish sentiment, although it remains below the peer group average of 2.40%.
September 16, 2024 | 3:30 pm
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Howmet Aerospace's short interest has increased by 6.76%, now at 2.37% of float, indicating a rise in bearish sentiment. However, it remains below the peer average of 2.40%, suggesting relatively less bearishness compared to peers.
The increase in short interest suggests that investors are becoming more bearish on Howmet Aerospace. However, since the short interest is still below the peer average, the bearish sentiment is not as strong compared to its peers. This could lead to short-term downward pressure on the stock price.
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