(ACHR) - Analyzing Archer Aviation's Short Interest
Portfolio Pulse from Benzinga Insights
Archer Aviation (NYSE:ACHR) has seen a 4.73% increase in its short percent of float, now at 21.68%, significantly higher than its peers' average of 8.63%. This indicates a bearish sentiment among investors, although high short interest can sometimes lead to bullish outcomes.
October 15, 2024 | 6:00 pm
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Archer Aviation's short interest has increased to 21.68%, indicating a bearish sentiment among investors. This is significantly higher than its peers' average of 8.63%, suggesting that traders are more pessimistic about Archer's stock compared to similar companies.
The increase in short interest to 21.68% suggests that investors are bearish on Archer Aviation, as it is significantly higher than the peer average of 8.63%. This could lead to downward pressure on the stock price in the short term.
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