Looking Into United Rentals's Recent Short Interest
Portfolio Pulse from Benzinga Insights
United Rentals's (NYSE:URI) short percent of float has risen 7.5% since its last report, with 2.57 million shares sold short, which is 4.3% of all regular shares available for trading. It would take traders 3.11 days to cover their short positions on average. The company's short interest is less than its peer group average of 4.57%.
September 08, 2023 | 8:15 pm
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United Rentals's short percent of float has increased, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average.
An increase in short interest indicates that more traders are betting that the stock price will fall. However, the fact that United Rentals's short interest is less than its peer group average could mean that the bearish sentiment is not as strong as it is for other companies in the same industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100