How Is The Market Feeling About Republic Servs?
Portfolio Pulse from Benzinga Insights
Republic Servs's (NYSE:RSG) short percent of float has fallen 10.47% since its last report, indicating a more bullish sentiment towards the stock. The company has 1.58 million shares sold short, which is 0.77% of all regular shares available for trading. Compared to its peers, Republic Servs has less short interest, with an average of 2.69% for its peer group.
September 13, 2023 | 1:15 pm
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POSITIVE IMPACT
The decrease in short interest in Republic Servs indicates a more bullish sentiment towards the stock, which could potentially lead to an increase in its price in the short term.
Short interest is an indicator of market sentiment towards a stock. A decrease in short interest indicates that fewer traders are betting on the stock's price to fall, which could be a sign of increased confidence in the company's performance and potentially lead to an increase in the stock's price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100