(TT) - Analyzing Trane Technologies's Short Interest
Portfolio Pulse from Benzinga Insights
Trane Technologies's (NYSE:TT) short percent of float has risen 5.71% since its last report, with 2.53 million shares sold short, which is 1.11% of all regular shares available for trading. It would take traders 2.98 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.99%.
July 28, 2023 | 4:45 pm
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Trane Technologies's short percent of float has increased, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average.
The increase in short percent of float indicates that traders are expecting the price of Trane Technologies's stock to fall. However, the fact that its short interest is less than its peer group average suggests that the bearish sentiment is not as strong as it is for other companies in the same industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100