Peering Into Trane Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Trane Technologies's (NYSE:TT) short percent of float has fallen 6.31% since its last report, with 2.37 million shares sold short, which is 1.04% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, Trane Technologies has less short interest.
August 24, 2023 | 5:45 pm
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Trane Technologies's short interest has decreased, potentially indicating a more bullish market sentiment. However, this does not guarantee a rise in the stock's price in the near term.
A decrease in short interest can indicate a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. However, this is not a definitive indicator of a stock's future performance, and other factors could influence the stock's price.
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