Peering Into Roper Techs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Roper Techs's (NYSE:ROP) short percent of float has risen 7.04% since its last report, with 804 thousand shares sold short, which is 0.76% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, Roper Techs's peer group average for short interest as a percentage of float is 3.42%, which means the company has less short interest than most of its peers.
July 25, 2023 | 6:30 pm
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Roper Techs's short interest has increased, indicating a bearish sentiment among investors. However, compared to its peers, the company has less short interest.
The increase in short interest indicates that more investors are betting against Roper Techs, which could put downward pressure on the stock price in the short term. However, the fact that Roper Techs has less short interest than its peers could mean that it is less likely to experience a significant drop in price compared to other companies in its industry.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100