(CTAS) - Analyzing Cintas's Short Interest
Portfolio Pulse from Benzinga Insights
Cintas's (NYSE:CTAS) short percent of float has risen 11.45% since its last report, with 1.12 million shares sold short, which is 1.46% of all regular shares available for trading. It would take traders 3.07 days to cover their short positions on average. The company has less short interest than most of its peers, with the average for its peer group being 3.31%.
October 12, 2023 | 3:15 pm
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Cintas's short percent of float has risen 11.45%, indicating increased bearish sentiment. However, it has less short interest than most of its peers.
The rise in short percent of float indicates that more traders are betting on the stock's price to fall, which could put downward pressure on the stock in the short term. However, the fact that Cintas has less short interest than most of its peers could be a mitigating factor.
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IMPORTANCE 75
RELEVANCE 100