(IR) - Analyzing Ingersoll Rand's Short Interest
Portfolio Pulse from Benzinga Insights
Ingersoll Rand's (NYSE:IR) short percent of float has risen 5.88% since its last report, with 3.87 million shares sold short, which is 1.26% of all regular shares available for trading. It would take traders 1.55 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 3.40%.
August 31, 2023 | 8:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ingersoll Rand's short percent of float has increased, indicating a bearish sentiment among traders. However, it has less short interest than its peers.
The increase in short percent of float indicates that traders are expecting the price of Ingersoll Rand's stock to fall. However, the fact that it has less short interest than its peers could mean that the bearish sentiment is not as strong as it is for other companies in the same industry.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100