(IR) - Analyzing Ingersoll Rand's Short Interest
Portfolio Pulse from Benzinga Insights
Ingersoll Rand's (NYSE:IR) short percent of float has fallen 8.64% since its last report, with 4.55 million shares sold short, which is 1.48% of all regular shares available for trading. It would take traders 3.36 days to cover their short positions on average. Compared to its peers, Ingersoll Rand has less short interest as a percentage of float, with an average of 4.21%.
August 04, 2023 | 6:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Ingersoll Rand's short interest has decreased, indicating a potentially more bullish market sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
A decrease in short interest can signal a more bullish sentiment towards a stock, as it indicates fewer investors are betting on the stock's price to fall. However, this is just one of many factors that can influence a stock's price, and it does not guarantee a rise in the stock's price in the near term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100