How Is The Market Feeling About Waste Management?
Portfolio Pulse from Benzinga Insights
Waste Management's (NYSE:WM) short percent of float has fallen 5.15% since its last report, indicating a more bullish sentiment towards the stock. The company has 3.74 million shares sold short, which is 0.92% of all regular shares available for trading. Compared to its peers, Waste Management has less short interest, with the peer group average at 2.72%.
September 05, 2023 | 6:45 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.
A decrease in short interest often indicates a more bullish sentiment towards a stock as it means fewer investors are betting on the stock's price to fall. In the case of Waste Management, the decrease in short interest, coupled with the fact that its short interest is lower than its peer group average, suggests a more positive market sentiment towards the company.
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