(RPM) - Analyzing RPM Intl's Short Interest
Portfolio Pulse from Benzinga Insights
RPM International (NYSE:RPM) has seen a 28% increase in its short percent of float, now at 1.6% of all regular shares available for trading. This indicates a rise in bearish sentiment, although RPM's short interest is still lower than its peers' average of 3.54%.
July 05, 2024 | 2:59 pm
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RPM International's short interest has increased by 28%, now at 1.6% of its float. This rise in short interest suggests growing bearish sentiment, although it remains below the peer average of 3.54%.
The increase in short interest indicates that more investors are betting against RPM, which could put downward pressure on the stock price in the short term. However, the short interest is still lower than the peer average, which might mitigate some of the negative impact.
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