Peering Into Waste Management's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Waste Management's (NYSE:WM) short percent of float has risen 19.57% since its last report, with 4.47 million shares sold short, which is 1.1% of all regular shares available for trading. It would take traders 3.66 days to cover their short positions on average. The company's short interest is less than its peer group average of 2.68%.
September 21, 2023 | 4:30 pm
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NEUTRAL IMPACT
Waste Management's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average, which could be a positive sign.
An increase in short interest usually indicates a bearish sentiment among traders, as they expect the stock price to fall. However, the fact that Waste Management's short interest is less than its peer group average could mean that it is less likely to experience a significant price drop compared to its peers. Therefore, the impact on the stock price in the short term is uncertain.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100