(NOC) - Analyzing Northrop Grumman's Short Interest
Portfolio Pulse from Benzinga Insights
Northrop Grumman's short interest has increased by 12.37%, with 1.59 million shares sold short, representing 1.09% of its float. This is lower than the peer group average of 3.18%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
October 01, 2024 | 5:00 pm
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NEUTRAL IMPACT
Northrop Grumman's short interest has increased by 12.37%, with 1.59 million shares sold short, representing 1.09% of its float. This is lower than the peer group average of 3.18%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest suggests a bearish sentiment among investors, but since the short interest is still below the peer average, it may not have a significant negative impact on the stock price. The market sentiment could be mixed, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100