How Is The Market Feeling About Ingersoll Rand?
Portfolio Pulse from Benzinga Insights
Ingersoll Rand's short interest has decreased by 9.75%, with 8.94 million shares sold short, representing 2.5% of its float. This is below the peer group average of 2.56%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
September 16, 2024 | 8:30 pm
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Ingersoll Rand's short interest has decreased by 9.75%, with 8.94 million shares sold short, representing 2.5% of its float. This is below the peer group average of 2.56%. 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 Ingersoll Rand, which could indicate a shift towards a more positive market sentiment. This is further supported by the fact that its short interest is below the peer average, potentially making the stock more attractive to investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100