How Is The Market Feeling About Waste Management?
Portfolio Pulse from Benzinga Insights
Waste Management's (NYSE:WM) short interest has decreased by 14.55%, now representing 0.94% of its float with 3.76 million shares sold short. This decline in short interest could indicate a more bullish sentiment towards WM among traders. Compared to its peers, WM has a lower short interest percentage, with the average for its peer group being 2.77%. This information suggests that WM is viewed more favorably than many of its competitors in terms of market sentiment.
May 09, 2024 | 2:00 pm
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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 a stock, potentially leading to less selling pressure and a more favorable outlook for the stock price in the short term. Given that WM's short interest is lower than its peer average, this could further indicate stronger confidence in WM compared to its competitors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90