(URI) - Analyzing United Rentals's Short Interest
Portfolio Pulse from Benzinga Insights
United Rentals's (NYSE:URI) short percent of float has risen 3.69% since its last report, with 2.54 million shares sold short, which is 4.21% of all regular shares available for trading. It would take traders 3.27 days to cover their short positions on average. The company has less short interest than most of its peers, with the average for its peer group being 5.00%.
August 04, 2023 | 11:38 am
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United Rentals's short percent of float has risen 3.69%, indicating a bearish sentiment among traders. However, it has less short interest than most of its peers.
An increase in short interest can indicate a bearish sentiment towards a stock. However, United Rentals has less short interest than most of its peers, which could mean that it is performing better than them.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100