Looking Into Ingersoll Rand's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ingersoll Rand's (NYSE:IR) short interest has increased by 3.14% since the last report, with 5.02 million shares sold short, representing 1.64% of its float. It would take about 2.06 days to cover all short positions. This rise in short interest could indicate a more bearish market sentiment towards IR, although it has less short interest compared to its peer group average of 3.37%.
April 12, 2024 | 3:00 pm
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Ingersoll Rand's short interest has increased, indicating a potentially more bearish sentiment towards the stock. However, it remains below the peer group average.
The increase in short interest suggests that investors might be expecting the price of Ingersoll Rand's stock to decline, which could lead to a negative short-term impact on its stock price. However, being below the peer group average might mitigate some negative perceptions.
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