Heico Corporation (HEI) saw its stock price decline by 1.72% on December 2, 2024, closing at $268.68, down from the previous close of $273.37. The stock opened at $273.62 and reached a low of $266.47 during the trading session. The trading volume was 362,173 shares, slightly below the average daily volume of 387,920 shares. The decline in HEI's stock price is primarily attributed to a significant increase in short interest, which rose by 29.2% as of November 15th, reaching 2,520,000 shares. This increase in short interest indicates a growing bearish sentiment among investors, who are betting against the stock due to concerns about its future performance or valuation. The days-to-cover ratio stands at 6.2 days, further highlighting the extent of negative sentiment surrounding the stock.