Peering Into Casella Waste Sys's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Casella Waste Systems (NYSE:CWST) has seen an 11.58% increase in short interest, with 1.97 million shares sold short, representing 3.47% of its float. This is lower than the peer group average of 6.90%. It would take traders 8.4 days to cover their short positions.
June 12, 2024 | 5:30 pm
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NEGATIVE IMPACT
Casella Waste Systems has experienced an 11.58% increase in short interest, with 1.97 million shares sold short, representing 3.47% of its float. This is lower than the peer group average of 6.90%.
The increase in short interest suggests that investors are becoming more bearish on CWST. However, the short interest is still lower than the peer group average, which may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100