Peering Into ITT's Recent Short Interest
Portfolio Pulse from Benzinga Insights
ITT's short interest has decreased by 27.08%, with 442,000 shares sold short, representing 0.7% of its float. This is lower than its peers' average of 2.52%. The decrease in short interest may indicate a more bullish sentiment towards ITT.
October 15, 2024 | 3:00 pm
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ITT's short interest has decreased significantly, suggesting a potential shift in market sentiment towards a more bullish outlook. The current short interest is 0.7% of float, lower than the peer average of 2.52%.
The decrease in ITT's short interest by 27.08% suggests that fewer investors are betting against the stock, which can be interpreted as a positive signal. With short interest at 0.7% of float, lower than the peer average of 2.52%, this may indicate a more bullish sentiment towards ITT. This could lead to a short-term positive impact on ITT's stock price.
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