(URI) - Analyzing United Rentals's Short Interest
Portfolio Pulse from Benzinga Insights
United Rentals (NYSE:URI) has seen a decrease in short interest, now at 4.1% of its float, lower than the peer group average of 4.17%. This reduction from 2.41 million shares suggests a more bullish sentiment among investors. It would take approximately 4.84 days for traders to cover their short positions, indicating a moderate level of short interest in the stock.
April 18, 2024 | 7:15 pm
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United Rentals's short interest has decreased to 4.1% of its float, indicating a potentially more bullish sentiment among investors compared to its peers.
The decrease in short interest for United Rentals suggests that investors are becoming more bullish on the stock. This is further supported by the fact that the company's short interest is now below the peer group average. A lower percentage of shares being shorted can reduce selling pressure on the stock, potentially leading to a price increase in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90