Heico Corporation (HEI) is experiencing a decline in its stock price today, which can be attributed to a significant increase in short interest. As of November 15th, short interest in HEICO rose by 29.2% to a total of 2,520,000 shares, up from 1,950,000 shares on October 31st. This increase in short interest suggests that investors are betting against the stock, potentially due to concerns about its future performance or valuation. The days-to-cover ratio, which indicates how many days it would take for short sellers to cover their positions based on average daily trading volume, stands at 6.2 days, highlighting the extent of bearish sentiment surrounding the stock.
Heico Corporation's stock is currently trading at $267.26, down 2.23% from its previous close of $273.37, and has decreased by 2.32% from its opening price of $273.62.