(URI) - Analyzing United Rentals's Short Interest
Portfolio Pulse from Benzinga Insights
United Rentals's (NYSE:URI) short percent of float has fallen 4.99% since its last report, with 2.40 million shares sold short, which is 4.0% of all regular shares available for trading. It would take traders 3.34 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 4.89%.
August 18, 2023 | 8:00 pm
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United Rentals's short percent of float has decreased, indicating a potentially more bullish 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 does not necessarily translate into an immediate increase in stock price, as other market factors also play a role.
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IMPORTANCE 70
RELEVANCE 100