Peering Into Westinghouse Air Brake's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Westinghouse Air Brake's short interest has decreased by 8.9%, with 2.67 million shares sold short, representing 1.74% of its float. This is lower than its peers' average short interest of 5.95%.
October 01, 2024 | 1:00 pm
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Westinghouse Air Brake's short interest has decreased by 8.9%, indicating a potential shift in market sentiment. The current short interest is 1.74% of its float, which is lower than the peer average of 5.95%.
The decrease in short interest suggests that traders are less bearish on WAB, which could lead to a positive short-term price movement. The fact that WAB's short interest is significantly lower than its peers further supports a potential bullish sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100