Looking Into Iron Mountain's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Iron Mountain (NYSE:IRM) has seen a 17.24% increase in its short percent of float, now at 5.1% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, its short interest is still below the peer group average of 5.10%.
June 28, 2024 | 6:00 pm
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Iron Mountain's short interest has increased by 17.24%, now at 5.1% of float. This rise in short interest suggests growing bearish sentiment among investors. However, its short interest remains below the peer group average.
The increase in short interest indicates that more investors are betting against Iron Mountain, which could lead to downward pressure on the stock price in the short term. However, the fact that its short interest is still below the peer average may mitigate some of this negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100