How Is The Market Feeling About Applied Industrial Techs?
Portfolio Pulse from Benzinga Insights
Applied Industrial Techs (NYSE:AIT) has seen a 16.03% decrease in its short percent of float, now at 1.99%. This is lower than its peers' average of 4.64%, indicating a more bullish sentiment. It would take traders 2.6 days to cover short positions.
October 02, 2024 | 6:15 pm
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Applied Industrial Techs has experienced a 16.03% decrease in short interest, now at 1.99% of float, indicating a more bullish sentiment compared to its peers.
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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