(CWST) - Analyzing Casella Waste Sys's Short Interest
Portfolio Pulse from Benzinga Insights
Casella Waste Systems (CWST) has seen a 9.51% increase in short interest since its last report, with 1.63 million shares sold short, representing 2.88% of its float. This indicates a bearish sentiment among investors, although it's below the peer group average of 3.37%. The article suggests monitoring short interest as it can reflect market sentiment and potentially impact stock performance.
April 05, 2024 | 2:00 pm
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Casella Waste Systems has experienced a significant increase in short interest, suggesting a bearish market sentiment towards the stock.
The increase in short interest for CWST indicates that investors are becoming more bearish on the stock. This could lead to increased selling pressure and potentially lower stock prices in the short term. However, the company's short interest is still below the peer group average, which might mitigate some negative impact.
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