(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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100