Peering Into Republic Servs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Republic Services (NYSE:RSG) has seen an 8.8% increase in short interest, with 2.77 million shares sold short, representing 1.36% of its float. This is below the peer group average of 3.58%. Short interest can indicate market sentiment, with an increase suggesting bearish views.
October 17, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Republic Services has experienced an 8.8% increase in short interest, now at 1.36% of its float, which is lower than the peer average of 3.58%. This could indicate a bearish sentiment among investors.
The increase in short interest suggests that investors are becoming more bearish on Republic Services, which could lead to downward pressure on the stock price. However, the short interest is still below the peer average, which may mitigate the impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100