L3Harris Technologies Inc Short ratio
What is the Short ratio of L3Harris Technologies Inc?
The Short ratio of L3Harris Technologies Inc is 1.90
What is the definition of Short ratio?
Short ratio is the number of shares sold short divided by the average daily volume.
= short interest / average daily volume
Short ratio is calculated by dividing the number of shares sold short by the average daily trading volume, generally over the last 30 trading days. The ratio represents the number of days it takes short sellers on average to repurchase all the borrowed shares. The ratio is used by both fundamental and technical traders to identify trends.
The percentage represents the number of days it takes short sellers on average to repurchase all the borrowed shares. Short selling is the practice of selling securities or other financial instruments that are not currently owned, and subsequently repurchasing them. In the event of an interim price decline, the short seller profits, since the cost of (re)purchase is less than the proceeds received upon the initial (short) sale. Conversely, the short position closes out at a loss if the price of a shorted instrument rises prior to repurchase. A high short ratio can be an indicator that there will be some buying pressure on the security that would increase its price.
Short ratio of companies in the Technology sector on NYSE compared to L3Harris Technologies Inc
What does L3Harris Technologies Inc do?
l3harris technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers’ mission-critical needs. the company provides advanced defense and commercial technologies across space, air, land, sea and cyber domains. l3harris has approximately $18 billion in annual revenue and 47,000 employees, with customers in more than 100 countries. l3harris.com.
Companies with short ratio similar to L3Harris Technologies Inc
- Ceapro has Short ratio of 1.89
- Sprinklr has Short ratio of 1.89
- Farmmi Inc has Short ratio of 1.89
- Global Eagle Entertainment has Short ratio of 1.89
- Coinbase Global, Class A Common Stock has Short ratio of 1.89
- Carver Bancorp has Short ratio of 1.89
- L3Harris Technologies Inc has Short ratio of 1.90
- Modine Manufacturing Co has Short ratio of 1.91
- Hudson Technologies has Short ratio of 1.91
- AT&T has Short ratio of 1.91
- Morphosys AG has Short ratio of 1.91
- Hartford Services has Short ratio of 1.91
- Euronav NV has Short ratio of 1.91