How Is The Market Feeling About Ryder System?
Portfolio Pulse from Benzinga Insights
Ryder System's (NYSE:R) short percent of float has risen 15.03% since its last report, with 587 thousand shares sold short, representing 1.76% of all regular shares available for trading. This increase in short interest can signal bearish market sentiment, although Ryder's short interest is still lower than its peer group average of 5.24%.
August 09, 2024 | 7:30 pm
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Ryder System's short interest has increased by 15.03%, now at 1.76% of float. This indicates a rise in bearish sentiment, although the short interest is still below the peer average of 5.24%.
The increase in short interest suggests that more investors are betting against Ryder System, 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 may mitigate some of the negative impact.
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