Peering Into Roper Techs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Roper Techs's (NYSE:ROP) short percent of float has risen 21.62% since its last report, with 958 thousand shares sold short, which is 0.9% of all regular shares available for trading. It would take traders 3.51 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Roper Techs's peer group average for short interest as a percentage of float is 3.32%, which means the company has less short interest than most of its peers.
September 25, 2023 | 1:45 pm
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Roper Techs's short percent of float has risen 21.62%, indicating a potential bearish sentiment among investors. However, the company has less short interest than most of its peers.
The increase in short interest indicates that more investors are betting that the price of Roper Techs's stock will fall. This could put downward pressure on the stock price in the short term. However, the company's short interest is less than its peers, which could mitigate some of this pressure.
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