(IR) - Analyzing Ingersoll Rand's Short Interest
Portfolio Pulse from Benzinga Insights
Ingersoll Rand (NYSE:IR) has seen a 12.1% decrease in short interest since its last report, with 3.36 million shares sold short, representing 1.09% of its float. The current short interest is below the peer group average of 3.46%. Short interest is a market sentiment indicator, and a decrease suggests investors may be more bullish on the stock.
December 18, 2023 | 8:45 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Ingersoll Rand's short interest has decreased, indicating a potentially more bullish sentiment among investors. With short interest below its peer group average, this could be viewed positively by the market.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to a positive short-term impact on its price. Since Ingersoll Rand's short interest is lower than its peers, this could be perceived as a positive sign by the market, potentially leading to an increase in the stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80