Peering Into Modine Manufacturing's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Modine Manufacturing (NYSE:MOD) has seen an 8.13% increase in its short percent of float, now at 8.38%. This indicates a bearish sentiment among investors, as it surpasses the peer group average of 8.10%. It would take traders 5.22 days to cover their short positions.
October 07, 2024 | 4:30 pm
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Modine Manufacturing's short interest has increased to 8.38%, indicating a bearish sentiment among investors. This is higher than the peer group average, suggesting potential volatility.
The increase in short interest to 8.38% suggests that investors are bearish on Modine Manufacturing, as it is higher than the peer average of 8.10%. This could lead to increased volatility in the stock price as traders may anticipate a decline.
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IMPORTANCE 80
RELEVANCE 100