Peering Into Waste Management's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Waste Management (NYSE:WM) has seen a 39.36% increase in short interest since the last report, with 5.27 million shares sold short, representing 1.31% of available shares. The average time to cover these short positions is 2.85 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Waste Management's short interest is below its peer group average of 3.13%.
November 15, 2023 | 8:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Waste Management's short interest has increased, which may indicate bearish sentiment among investors. However, the company's short interest is still below the peer group average.
The increase in short interest suggests that some investors are expecting the price of WM to fall, which could lead to negative sentiment in the short term. However, since the short interest is below the peer average, it may not be a strong bearish signal. The impact on the stock price is uncertain, hence a neutral score is given.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 80