Peering Into Ryder System's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ryder System's short interest has decreased by 22.73%, with 447,000 shares sold short, representing 1.36% of its float. This is lower than its peers' average of 4.75%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
September 04, 2024 | 1:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Ryder System's short interest has decreased significantly, suggesting a potential shift in market sentiment towards a more bullish outlook. The company's short interest is also lower than its peers, which could be seen as a positive indicator.
The decrease in short interest by 22.73% suggests that fewer investors are betting against Ryder System, which can be interpreted as a positive sign. Additionally, having a lower short interest compared to peers indicates a relatively more favorable market sentiment towards Ryder System.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100