Peering Into Waste Management's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Waste Management's (NYSE:WM) short percent of float has fallen 8.18% since its last report, with 4.09 million shares sold short, which is 1.01% 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, Waste Management has less short interest as a percentage of float, with an average of 2.72%.
October 09, 2023 | 6:30 pm
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Decrease in short interest could indicate a more bullish sentiment towards Waste Management's stock.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock, as it indicates fewer investors are betting on the stock's price to fall. Therefore, the decrease in short interest in Waste Management could potentially lead to an increase in its stock price in the short term.
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