Looking Into Advanced Drainage Systems's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Advanced Drainage Systems (NYSE:WMS) has seen a 5.82% increase in short interest, now at 2.0% of its float. This is below the peer average of 4.04%. Short interest can indicate market sentiment, with higher short interest suggesting bearish views.
September 05, 2024 | 7:30 pm
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Advanced Drainage Systems has experienced a 5.82% increase in short interest, now at 2.0% of its float, which is below the peer average of 4.04%. This suggests a relatively less bearish sentiment compared to its peers.
The increase in short interest suggests a more bearish sentiment, but since it's below the peer average, it indicates a relatively less negative outlook compared to peers. This could mean a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100