How Is The Market Feeling About Roper Techs?
Portfolio Pulse from Benzinga Insights
Roper Techs's (NYSE:ROP) short percent of float has fallen 15.56% since its last report, with 807 thousand shares sold short, which is 0.76% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Roper Techs. Compared to its peers, Roper Techs has less short interest as a percentage of float, with an average of 3.35%.
October 11, 2023 | 2:30 pm
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POSITIVE IMPACT
Roper Techs's short interest has decreased, which could indicate a more bullish sentiment towards the company. This, combined with the fact that its short interest is lower than its peers' average, could potentially impact the stock positively in the short term.
Short interest is an indicator of market sentiment. A decrease in short interest often signals a more bullish sentiment, which could lead to an increase in the stock's price. Additionally, Roper Techs's short interest is lower than its peers' average, which could make it more attractive to investors.
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