Peering Into Ingersoll Rand's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ingersoll Rand's (NYSE:IR) short percent of float has fallen 6.9% since its last report, with 4.97 million shares sold short, which is 1.62% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Ingersoll Rand has less short interest as a percentage of float, with an average of 3.58%.
July 18, 2023 | 2:45 pm
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Ingersoll Rand's short interest has decreased, potentially indicating a more bullish sentiment towards the stock. The company has less short interest compared to its peers.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This, combined with the fact that Ingersoll Rand has less short interest compared to its peers, could potentially have a positive impact on the stock's price in the short term.
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