Peering Into SPX Techs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
SPX Techs (NYSE:SPXC) has seen a 5.17% increase in its short percent of float, now at 1.83%. This indicates a rise in bearish sentiment, though it remains below the peer group average of 2.47%.
October 15, 2024 | 6:30 pm
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SPX Techs has experienced a 5.17% increase in short interest, now at 1.83% of float. This suggests a rise in bearish sentiment, but the short interest is still below the peer average of 2.47%.
The increase in short interest suggests that investors are becoming more bearish on SPX Techs. However, since the short interest is still below the peer average, it may not indicate a significant negative outlook. The market sentiment is slightly negative, but not overwhelmingly so.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100