How Is The Market Feeling About Waste Management?
Portfolio Pulse from Benzinga Insights
Waste Management's (NYSE:WM) short percent of float has fallen 17.09% since its last report, indicating a more bullish sentiment towards the stock. The company has 3.93 million shares sold short, which is 0.97% of all regular shares available for trading. Compared to its peers, Waste Management has less short interest, with the peer group average at 2.64%.
August 17, 2023 | 3:30 pm
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Decrease in short interest indicates a more bullish sentiment towards Waste Management. The company's short interest is also lower than its peer group average.
Short interest is a measure of market sentiment towards a particular stock. A decrease in short interest indicates that traders are less bearish, or more bullish, on the stock. This could potentially lead to an increase in the stock's price in the short term. Additionally, having a lower short interest than its peers could make Waste Management more attractive to investors.
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