How Is The Market Feeling About Waste Management?
Portfolio Pulse from Benzinga Insights
The short percent of float for Waste Management (NYSE:WM) has decreased by 7.83% since its last report, with 4.32 million shares sold short, representing 1.06% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the company. Compared to its peers, Waste Management has less short interest, with the average for its peer group being 2.67%.
July 10, 2023 | 8:01 pm
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Waste Management's decreased short interest could indicate a more bullish sentiment towards the company's stock. This, combined with the fact that its short interest is lower than its peer group average, could potentially impact the stock positively in the short term.
Short interest is a measure of market sentiment towards a particular stock. A decrease in short interest often indicates a more bullish sentiment, as it means fewer traders are betting on the stock's price to fall. In the case of Waste Management, the decrease in short interest, combined with its lower than average peer group short interest, could suggest a more positive market sentiment towards the company, potentially leading to a short-term increase in its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100