Carpenter Technology Corporation
NYSECRS saw a sharp 32% drop in short interest over the past week. Short positions fell to 2.11 million shares as of March 31, down from 2.68 million shares two weeks prior. Days to cover declined to 2.67 from 3.79, signaling faster potential covering. The retreat extends a longer-term trend — short interest has plunged 41% over the past month from 3.58 million shares in mid-February. Carpenter Technology shares closed at $438.88 on April 21, up 21% over the past month. The aerospace and defense supplier has seen consistent short covering since early 2026, when positions peaked near 3.58 million shares. Cost to borrow sits at just 0.44%, up modestly from recent lows but still minimal. Utilization remains low at 4.31%, well below the 52-week high of 17.67%. Options sentiment has shifted bearish — the put/call ratio hit 0.89, elevated versus the 20-day average of 0.66. The company reports earnings April 29. Short sellers appear to be trimming exposure ahead of the print, with the stock's recent strength likely forcing exits. The combination of falling short interest and rising share prices suggests bears are capitulating rather than adding new positions. This is not financial advice. ORTEX data may contain errors.
Short Sellers Retreat From Carpenter Tech
CRS saw a sharp 32% drop in short interest over the past week. Short positions fell to 2.11 million shares as of March 31, down from 2.68 million shares two weeks prior. Days to cover declined to 2.67 from 3.79, signaling faster potential covering. The retreat extends a longer-term trend — short interest has plunged 41% over the past month from 3.58 million shares in mid-February. Carpenter Technology shares closed at $438.88 on April 21, up 21% over the past month. The aerospace and defense supplier has seen consistent short covering since early 2026, when positions peaked near 3.58 million shares. Cost to borrow sits at just 0.44%, up modestly from recent lows but still minimal. Utilization remains low at 4.31%, well below the 52-week high of 17.67%. Options sentiment has shifted bearish — the put/call ratio hit 0.89, elevated versus the 20-day average of 0.66. The company reports earnings April 29. Short sellers appear to be trimming exposure ahead of the print, with the stock's recent strength likely forcing exits. The combination of falling short interest and rising share prices suggests bears are capitulating rather than adding new positions. This is not financial advice. ORTEX data may contain errors.
Snapshot as of 7 May 2026
Carpenter Technology heads into today's earnings print with a gathering tailwind of analyst conviction — but a softening stock and a complex fundamental debate that the numbers will need to resolve. The most notable…
Carpenter Technology Corporation heads into its Q3 2026 results — due after the close today — with the most intriguing tension being the dramatic unwinding of short positions against a stock that has already rallied…
CRS reports on April 29 with short interest falling sharply and analysts still hunting for upside in a stock that's climbed 7% over the past month but given back 4% in the last week. Short interest has tumbled 35% over…
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