Peering Into Cintas's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cintas's (NYSE:CTAS) short percent of float has risen 13.91% since its last report, with 1.13 million shares sold short, which is 1.31% of all regular shares available for trading. It would take traders 3.49 days to cover their short positions on average. The company's short interest is less than its peer group average of 2.97%.
September 22, 2023 | 1:30 pm
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Cintas'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's price will fall. However, Cintas's short interest is less than its peer group average, which could mean that it is performing better than its peers in the eyes of traders.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100