Looking Into Cintas's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cintas's (NASDAQ:CTAS) short percent of float has fallen 4.96% since its last report, with 1.16 million shares sold short, which is 1.34% of all regular shares available for trading. It would take traders 3.3 days to cover their short positions on average. The decrease in short interest can signal that investors have become more bullish. Cintas's peer group average for short interest as a percentage of float is 4.62%, which means the company has less short interest than most of its peers.
June 29, 2023 | 5:01 pm
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The decrease in short interest in Cintas could indicate a more bullish sentiment among investors, potentially leading to a positive impact on the stock price in the short term.
Short interest is a measure of market sentiment towards a particular stock. A decrease in short interest can signal that investors have become more bullish, which could lead to an increase in the stock price. Given that Cintas's short interest has decreased and is lower than most of its peers, this could potentially have a positive impact on its stock price in the short term.
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