How Is The Market Feeling About L3Harris Technologies?
Portfolio Pulse from Benzinga Insights
L3Harris Technologies (NYSE:LHX) has seen an 18.03% increase in its short percent of float, now at 0.72%. This is lower than its peers' average of 3.20%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
September 25, 2024 | 4:30 pm
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NEUTRAL IMPACT
L3Harris Technologies has experienced an 18.03% increase in short interest, now at 0.72% of its float. This is below the peer average of 3.20%, suggesting less bearish sentiment compared to peers.
The increase in short interest suggests a rise in bearish sentiment, but since L3Harris's short interest is below the peer average, it indicates relatively less bearish sentiment. This mixed signal results in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100