How Is The Market Feeling About Waste Management?
Portfolio Pulse from Benzinga Insights
Waste Management's (NYSE:WM) short percent of float has decreased by 15.38% since the last report, with 4.42 million shares sold short, representing 1.1% of available shares for trading. This decrease in short interest could indicate a more bullish sentiment towards WM compared to its peers, where the average short interest as a percentage of float is 3.12%. The article suggests monitoring short interest as it can reflect market sentiment towards a stock.
April 23, 2024 | 3:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Waste Management's short interest has decreased, indicating a potentially more bullish sentiment towards the stock in the short term.
A decrease in short interest typically suggests that investors are less bearish on the stock, potentially leading to a positive impact on its price in the short term. Given that WM's short interest is now significantly lower than its peer average, this could indicate stronger confidence in the company's performance relative to its competitors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90