Peering Into Johnson Controls Intl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Johnson Controls Intl's short interest has increased by 6.63%, with 10.51 million shares sold short, representing 1.77% of its float. This is below the peer group average of 3.99%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
October 14, 2024 | 6:15 pm
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Johnson Controls Intl's short interest has risen by 6.63%, with 10.51 million shares sold short, representing 1.77% of its float. This is below the peer group average of 3.99%. The increase in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest suggests a bearish sentiment among investors, but since JCI's short interest is still below the peer average, the impact on stock price is uncertain. The market may react to this data, but it doesn't necessarily predict a price drop.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100