What Honeywell’s Short Interest Trend Suggests

Previously, we saw analysts’ recommendations for Honeywell (HON). As of May 31, Honeywell’s short interest had increased by five basis points sequentially, from 0.92% to 0.97%, while its stock price had risen from $147.35 to $147.91. The increase in HON’s short interest reflects a negligible rise in bearishness toward the stock. However, its short interest as a percentage of outstanding shares is still under 1%, and it was 1.3% at the beginning of this year, indicating bearishness toward the stock has declined in that time.