Looking Into Waste Management's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Waste Management's (NYSE:WM) short interest has decreased by 5.8% since the last report, with 5.20 million shares sold short, representing 1.3% of its float. This decrease in short interest could indicate a more bullish sentiment towards WM among traders. Compared to its peers, WM has a lower short interest percentage of float, with an average of 3.44% among its peers, suggesting a relatively positive outlook.
April 05, 2024 | 1:30 pm
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POSITIVE IMPACT
Waste Management's short interest has decreased, indicating a potential bullish sentiment among investors. With a lower short interest compared to its peers, WM may see a positive short-term impact on its stock price.
The decrease in short interest suggests that fewer traders are betting against WM's stock, which can be interpreted as a positive sentiment towards the company. Given that WM's short interest is also lower than the peer group average, this further strengthens the case for a potentially bullish impact on WM's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90