(GE) - Analyzing GE Aero's Short Interest
Portfolio Pulse from Benzinga Insights
GE Aero's short interest has increased by 6.32%, with 10.89 million shares sold short, representing 1.01% of its float. This is lower than its peers' average short interest of 3.17%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
November 01, 2024 | 6:00 pm
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GE Aero's short interest has increased by 6.32%, with 10.89 million shares sold short, representing 1.01% of its float. This is lower than its peers' average short interest of 3.17%. The rise 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 GE Aero's short interest is still below the peer average, the impact on the stock price may be neutral in the short term. The market sentiment is mixed, and the short interest alone does not guarantee a price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100