Looking Into Republic Servs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Republic Services (NYSE:RSG) has seen a 7.75% decrease in short interest, now at 2.44 million shares or 1.19% of float, with a 2.34-day average to cover. This decline in short interest could indicate a more bullish sentiment towards RSG compared to its peers, where the average short interest is 3.43% of float.
April 01, 2024 | 2:00 pm
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Republic Services has experienced a significant decrease in short interest, suggesting a potentially more bullish sentiment among investors compared to its peers.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock. For Republic Services, this reduction in short interest, especially when compared to its higher peer average, suggests that market sentiment is more favorable towards RSG. This could lead to a short-term positive impact on its stock price as investors may interpret this as a sign of strength or reduced negative speculation.
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