Peering Into Cintas's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cintas Corporation (NYSE:CTAS) has experienced a decrease in short interest, with the short percent of float dropping 11.52% since the last report. The current short interest is 1.12 million shares, representing 1.46% of available shares, with a short covering time of 3.27 days. This decline in short interest may indicate a more bullish sentiment among investors compared to the peer group average of 3.34% short interest as a percentage of float.
November 16, 2023 | 4:30 pm
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Cintas's short interest has decreased, suggesting a more bullish market sentiment and potentially less downward pressure on the stock price in the short term.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could reduce selling pressure and potentially lead to a price increase. However, short interest is just one of many factors that can affect stock prices.
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