Peering Into GATX's Recent Short Interest
Portfolio Pulse from Benzinga Insights
GATX's short interest has risen by 10.02%, with 1.34 million shares sold short, representing 6.48% of its float. This is higher than its peers' average of 4.31%. It would take traders 8.53 days to cover their short positions.
August 01, 2024 | 5:00 pm
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GATX's short interest has increased by 10.02%, with 1.34 million shares sold short, representing 6.48% of its float. This is higher than its peers' average of 4.31%. It would take traders 8.53 days to cover their short positions.
The increase in short interest suggests that investors are becoming more bearish on GATX. This could lead to downward pressure on the stock price in the short term as more traders bet against the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100