Peering Into Ingersoll Rand's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ingersoll Rand's (NYSE:IR) short percent of float has risen 23.02% since its last report, with 4.78 million shares sold short, which is 1.55% of all regular shares available for trading. It would take traders 2.07 days to cover their short positions on average. The company has less short interest than most of its peers, with the average for its peer group being 2.98%.
September 19, 2023 | 4:30 pm
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Ingersoll Rand's short percent of float has increased, indicating a bearish sentiment among traders. However, it has less short interest than most of 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 most of 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 75
RELEVANCE 100