How Is The Market Feeling About Carrier Global?
Portfolio Pulse from Benzinga Insights
Carrier Global's short interest has increased by 13.73%, with 13.25 million shares sold short, representing 2.32% of its float. This is below the peer group average of 4.08%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
October 02, 2024 | 6:30 pm
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Carrier Global's short interest has increased by 13.73%, with 13.25 million shares sold short, representing 2.32% of its float. This is below the peer group average of 4.08%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest indicates a bearish sentiment among investors, as more shares are being shorted. However, since Carrier Global's short interest is still below the peer average, the impact might be less severe. The short interest rise suggests potential downward pressure on the stock price, but it is not definitive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100