How Is The Market Feeling About Trane Technologies?
Portfolio Pulse from Benzinga Insights
Trane Technologies (NYSE:TT) has seen a 33.65% decrease in its short percent of float since its last report, with 1.58 million shares sold short. This represents 0.69% of all regular shares available for trading. The decrease in short interest could indicate a more bullish sentiment towards the stock. Compared to its peers, Trane Technologies has less short interest as a percentage of float, with an average of 3.66%.
September 11, 2023 | 3:15 pm
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Trane Technologies has seen a significant decrease in short interest, which could indicate a more bullish sentiment towards the stock. The company also has less short interest compared to its peers.
Short interest is an indicator of market sentiment towards a stock. A decrease in short interest can signal a more bullish sentiment, which could potentially lead to an increase in the stock's price. Additionally, having less short interest compared to its peers could make Trane Technologies more attractive to investors.
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