(IRM) - Analyzing Iron Mountain's Short Interest
Portfolio Pulse from Benzinga Insights
Iron Mountain's short interest has decreased by 9.96%, with 11.49 million shares sold short, representing 4.7% of its float. This is lower than its peers' average of 5.50%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
September 05, 2024 | 7:15 pm
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Iron Mountain's short interest has decreased by 9.96%, with 11.49 million shares sold short, representing 4.7% of its float. This is lower than its peers' average of 5.50%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against Iron Mountain, which could indicate a shift towards a more positive market sentiment. This is further supported by the fact that Iron Mountain's short interest is below the average of its peers, potentially making it more attractive to investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100