How Is The Market Feeling About Roper Techs?
Portfolio Pulse from Benzinga Insights
Roper Techs's (NYSE:ROP) short percent of float has risen 37.5% since its last report, with 1.17 million shares sold short, which is 1.1% 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. However, Roper Techs's peer group average for short interest as a percentage of float is 3.41%, which means the company has less short interest than most of its peers.
November 02, 2023 | 2:30 pm
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Roper Techs's short percent of float has increased, indicating a bearish sentiment among investors. However, it has less short interest than most of its peers, which could be a positive sign.
The increase in short percent of float indicates that more investors are betting against Roper Techs, which could put downward pressure on the stock price in the short term. However, the fact that it has less short interest than most of its peers could mean that it is less likely to experience a significant drop in price compared to other companies in its industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100