How Is The Market Feeling About Republic Servs?
Portfolio Pulse from Benzinga Insights
Republic Services (NYSE:RSG) has seen a decrease in short interest, with the short percent of float dropping 5.71% since the last report. The company has 2.02 million shares sold short, representing 0.99% of available shares. The average time to cover these short positions is 1.54 days. Short interest is a measure of market sentiment, and a decrease may indicate a more bullish outlook. Republic Services has a lower short interest compared to its peer group average of 3.20%.
January 01, 2024 | 6:30 pm
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POSITIVE IMPACT
Republic Services has experienced a decline in short interest, which could suggest a more bullish sentiment among investors. The short interest is below the peer group average, potentially indicating positive performance relative to its peers.
The decrease in short interest for Republic Services suggests that investors are less bearish on the stock, which could lead to a short-term increase in its price. The comparison with the peer average further strengthens the case for a potentially positive impact on the stock price. However, the article also cautions that this does not guarantee a price rise, hence the importance is not at the maximum level.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100