Peering Into Cemtrex's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cemtrex's short interest has decreased by 33.62%, with 400,000 shares sold short, representing 2.31% of its float. This is below the peer group average of 2.79%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
October 09, 2024 | 4:00 pm
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Cemtrex's short interest has decreased significantly, which may indicate a shift towards a more bullish sentiment among investors. The current short interest is 2.31% of the float, lower than the peer average of 2.79%.
The decrease in short interest suggests that fewer investors are betting against Cemtrex, which could be interpreted as a positive sign for the stock. The short interest is also lower than the peer average, further supporting a potential bullish sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100