Peering Into Waste Management's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Waste Management's (NYSE:WM) short interest has decreased by 18.42%, with 3.75 million shares sold short, representing 0.93% of its float. This decline in short interest, which now requires 2.28 days on average to cover, could indicate a more bullish sentiment towards WM compared to its peers, where the average short interest is 3.08% of the float.
March 12, 2024 | 7:30 pm
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Waste Management's short interest has significantly decreased, indicating a potential bullish sentiment among investors.
A decrease in short interest often suggests that investors are becoming more optimistic about a company's future performance. For Waste Management, this reduction to 0.93% of its float, compared to the peer average of 3.08%, could imply a stronger confidence in its stock. This might lead to a short-term positive impact on its stock price as the market reacts to this perceived bullish sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90