Peering Into Trane Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Trane Technologies's (NYSE:TT) short percent of float has fallen 15.04% since its last report, with 2.57 million shares sold short, which is 1.13% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Trane Technologies has less short interest.
July 10, 2023 | 7:15 pm
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Trane Technologies's short percent of float has decreased, indicating a potential bullish sentiment towards the stock. The company has less short interest compared to its peers.
A decrease in short interest can signal a more bullish sentiment towards a stock. This is because short selling is a bet that the stock's price will fall. When short interest decreases, it means fewer traders are betting on the stock's price to fall. Additionally, Trane Technologies has less short interest compared to its peers, which could be a positive sign.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100