Peering Into RTX's Recent Short Interest
Portfolio Pulse from Benzinga Insights
RTX's short interest has decreased by 8.65%, with 12.58 million shares sold short, representing 0.95% of its float. This is lower than its peers' average of 2.91%. The decrease in short interest may indicate a more bullish sentiment towards RTX.
October 09, 2024 | 1:15 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
RTX's short interest has decreased by 8.65%, with 12.58 million shares sold short, representing 0.95% of its float. This is lower than its peers' average of 2.91%. The decrease in short interest may indicate a more bullish sentiment towards RTX.
The decrease in short interest suggests that investors are less bearish on RTX compared to before. With short interest lower than its peers, this could indicate a more positive outlook for the stock, potentially leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100