How Is The Market Feeling About Ingersoll Rand?
Portfolio Pulse from Benzinga Insights
Ingersoll Rand's short interest has decreased by 5.57%, with 9.70 million shares sold short, representing 2.71% of its float. This is higher than its peers' average of 2.48%. A decrease in short interest can indicate a more bullish sentiment.
August 22, 2024 | 7:15 pm
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Ingersoll Rand's short interest has decreased by 5.57%, with 9.70 million shares sold short, representing 2.71% of its float. This is higher than its peers' average of 2.48%. A decrease in short interest can indicate a more bullish sentiment.
The decrease in short interest suggests a shift towards a more bullish sentiment among investors. Although the short interest is still higher than the peer average, the reduction indicates that fewer investors are betting against the stock, which could lead to upward price pressure.
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