Peering Into Waste Management's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Waste Management's short interest has decreased by 13.48%, with 3.10 million shares sold short, representing 0.77% of its float. This is lower than the peer group average of 3.38%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
September 17, 2024 | 4:00 pm
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Waste Management's short interest has decreased significantly, suggesting a potential shift towards a more bullish market sentiment. The company's short interest is lower than its peers, which could be a positive indicator for investors.
The decrease in short interest by 13.48% suggests that fewer investors are betting against Waste Management, which can be interpreted as a sign of increased confidence in the stock. Additionally, the company's short interest is significantly lower than the peer average, further indicating a potentially positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100