Looking Into Waste Management's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Waste Management's (NYSE:WM) short interest has decreased by 9.72% since the last report, with 5.21 million shares sold short, representing 1.3% of available shares. The average time to cover these short positions is 3.5 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Waste Management has a lower short interest compared to its peer group average of 3.21%.
December 14, 2023 | 8:15 pm
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Waste Management's short interest has decreased, which may suggest a more bullish sentiment among investors. The company's short interest is below the peer group average, potentially indicating a favorable market view.
The decrease in short interest for Waste Management suggests that investors may be less bearish on the stock, which could lead to a short-term increase in its price. The fact that the short interest is lower than the peer group average further supports the potential for a positive impact on the stock price. However, the article also cautions that a decrease in short interest does not necessarily mean the stock will rise, which is why the confidence level is not at the maximum.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100