Boeing (NYSE:BA) experienced a significant 17% decline in short interest during January, falling from 16.6 million to 13.8 million shares sold short. This reduction suggests increased investor confidence in the aerospace manufacturer and a more bullish sentiment from Wall Street, likely due to improving financial performance and the aviation industry’s recovery. The current short interest ratio for Boeing is 1.4 days, indicating that short sellers could cover their positions quickly.
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Boeing Short Interest Drops 17% in January
Boeing (NYSE:BA) experienced a significant 17% decline in short interest during January, falling from 16.6 million to 13.8 million shares sold short. This reduction suggests increased investor confidence in the aerospace manufacturer and a more bullish sentiment from Wall Street, likely due to improving financial performance and the aviation industry’s recovery. The current short interest ratio for Boeing is 1.4 days, indicating that short sellers could cover their positions quickly.