Looking Into Carpenter Tech's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Carpenter Technology (NYSE:CRS) has seen a 5.18% increase in its short percent of float, now at 4.47%. This indicates a bearish sentiment among investors, as it surpasses the peer group average of 4.39%. It would take traders 2.4 days to cover their short positions.
October 10, 2024 | 2:00 pm
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Carpenter Technology's short interest has increased by 5.18%, now at 4.47% of float, indicating a bearish sentiment. This is higher than the peer average of 4.39%, suggesting more skepticism about the stock's future performance.
The increase in short interest suggests that investors are more bearish on Carpenter Technology compared to its peers. This could lead to downward pressure on the stock price in the short term as more investors bet against it.
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