Looking Into Ingersoll Rand's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ingersoll Rand's (NYSE:IR) short interest has risen by 7.81%, with 10.38 million shares sold short, representing 2.9% of its float. This increase in short interest could indicate bearish sentiment, although it is lower than the peer group average of 3.21%.
July 05, 2024 | 3:00 pm
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Ingersoll Rand's short interest has increased by 7.81%, with 10.38 million shares sold short, representing 2.9% of its float. This could indicate bearish sentiment, but the short interest is still below the peer group average of 3.21%.
The increase in short interest suggests that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer group average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100