SPX Technologies' Market Momentum Under Scrutiny

Spx Technologies Gaining Market Support, Short Sellers Abandon Ship

April 25, 2025 - In a surprising turn of events, Spx Technologies (SPXC) has seen a significant increase in market support, causing short sellers to abandon their positions and book significant losses.

According to data from Benzinga's Short Sellers, the number of shares sold short has decreased by 23% over the past two weeks, indicating a shift in market sentiment towards the company. The decrease in short interest is a clear indication that investors are becoming more optimistic about Spx Technologies' prospects.

The company, which provides specialized products and services to the aerospace and defense industries, has been a favorite among short sellers in recent months. However, the recent increase in market support has caused many of these short sellers to cover their positions, leading to a significant decrease in the number of shares sold short.

The decrease in short interest is a clear indication that investors are becoming more optimistic about Spx Technologies' prospects. The company's recent earnings report, which showed a significant increase in revenue and earnings, has likely contributed to the shift in market sentiment.

Spx Technologies' stock price has also seen a significant increase in recent weeks, rising by over 20% in the past month. This increase in price is likely to be a major factor in the decrease in short interest, as many short sellers have been forced to cover their positions and take significant losses.

In conclusion, Spx Technologies has seen a significant increase in market support, causing short sellers to abandon their positions and book significant losses. The company's recent earnings report and increase in stock price have likely contributed to the shift in market sentiment, and investors are becoming more optimistic about the company's prospects.