(URI) - Analyzing United Rentals's Short Interest
Portfolio Pulse from Benzinga Insights
United Rentals (NYSE:URI) has seen a 9.45% decrease in its short percent of float, now at 4.41%. This suggests a more bullish sentiment as fewer shares are being shorted. It takes 3.4 days on average to cover short positions. URI's short interest is slightly above its peers' average of 4.39%.
September 03, 2024 | 1:15 pm
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United Rentals has experienced a 9.45% decrease in short interest, now at 4.41% of float. This suggests a more bullish sentiment as fewer shares are being shorted. The short interest is slightly above the peer average of 4.39%.
The decrease in short interest by 9.45% suggests that investors are becoming more bullish on United Rentals, as fewer shares are being shorted. This can lead to a positive short-term impact on the stock price. Additionally, the short interest is slightly above the peer average, which may attract attention from investors looking for potential short squeeze opportunities.
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