Peering Into Northrop Grumman's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Northrop Grumman's short interest has decreased by 8.26%, with 1.46 million shares sold short, representing 1.0% of its float. This is lower than the peer group average of 3.03%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
October 21, 2024 | 4:30 pm
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Northrop Grumman's short interest has decreased by 8.26%, now at 1.0% of its float, which is below the peer average of 3.03%. This decrease may suggest a more bullish sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against Northrop Grumman, which can be interpreted as a sign of increased confidence in the stock. Additionally, the company's short interest is lower than the peer average, further indicating a relatively positive sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100