L3Harris Technologies, Inc. (:LHX) Short Interest Update as Shares take Spotlight

According to the latest stock data, investors are looking at L3Harris Technologies, Inc. (:LHX)’s short data and trying to figure out market sentiment on which way the market thinks the stock is moving. The firm has 0.81% of total shares float short, yielding a short ratio of 1.27.

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They hope that the stock price will fall or that the company will fail and go bankrupt, leading the equity holders to ruin.  The short sellers will then buy the stock back at a much lower price and replace the borrowed shares, pocketing the difference. 

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Let’s take a look at how the stock has been performing recently.  Over the past twelve months, L3Harris Technologies, Inc. (:LHX)’s stock was 48.82%.  Over the last week of the month, it was -3.10%, -0.14% over the last quarter, and  21.63% for the past six months. 

Over the past 50 days, L3Harris Technologies, Inc. stock’s -7.68% off of the high and 2.82% removed from the low.  Their 52-Week High and Low are noted here.  -7.68% away from the high and 62.80% from the low. 

The consensus analysts recommendation at this point stands at 1.80 on L3Harris Technologies, Inc. (:LHX).  This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. The same analysts are predicting that the company shares will trade to $236.47 within the next 12-18 months. 

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Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.

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