Honeywell Aerospace Sees 12.2% Increase in Short Interest

Honeywell Aerospace (HONA) saw an increase in short interest in September. As of September 15th, there was short interest totaling 5,319,740 shares, an increase of 12.2% from the previous total of 4,739,593 shares. The short interest ratio is 1.5, meaning it would take 1.5 days of the average trading volume of 4.11 million shares to cover all short positions.

The short float percentage for HONA is 1.68%, indicating that a relatively small portion of the stock's publicly available shares are being sold short. In comparison, other companies in the aerospace and defense industry have higher short interest percentages, such as The Boeing Company (1.80%) and Northrop Grumman Corporation (1.59%).

Short selling HONA is an investing strategy that aims to generate trading profit from Honeywell Aerospace as its price is falling. However, a short squeeze may occur if the stock appreciates in price, forcing short sellers to cover their positions by buying actual shares of HONA.