How Is The Market Feeling About Ingersoll Rand?
Portfolio Pulse from Benzinga Insights
Ingersoll Rand's (NYSE:IR) short percent of float has fallen 10.32% since its last report, with 4.26 million shares sold short, which is 1.39% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Ingersoll Rand has less short interest as a percentage of float, with an average of 3.60%.
October 05, 2023 | 6:30 pm
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Ingersoll Rand's short percent of float has decreased, indicating a more bullish sentiment. The company has less short interest compared to its peers.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price in the short term. Furthermore, having less short interest compared to its peers could make Ingersoll Rand more attractive to investors.
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