(ROP) - Analyzing Roper Techs's Short Interest
Portfolio Pulse from Benzinga Insights
Roper Techs's (NYSE:ROP) short percent of float has fallen 15.48% since its last report, with 756 thousand shares sold short, which is 0.71% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Roper Techs. Compared to its peers, Roper Techs has less short interest as a percentage of float, with an average of 3.53%.
July 06, 2023 | 2:31 pm
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POSITIVE IMPACT
Roper Techs's short interest has decreased, which could indicate a more bullish sentiment towards the stock. This, combined with the fact that its short interest is lower than its peers' average, could potentially impact the stock positively in the short term.
Short interest is an indicator of market sentiment towards a stock. A decrease in short interest can signal a more bullish sentiment, which could potentially lead to an increase in the stock's price. Additionally, Roper Techs's short interest is lower than its peers' average, which could be seen as a positive sign by investors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100