What does the market think of Cintas? – Cintas (NASDAQ: CTAS)

Cintas CTAS The short float percentage has increased by 8.24% since the last report. The company recently reported that it has 5.94 million shares were sold shortaccounting for 1.97% of all tradable common shares. According to its trading volume, It takes traders an average of 3.43 days to cover short positions.

Why short interest matters

Short interest is the number of shares that have been shorted but have not yet been covered or closed. Short selling is when traders sell shares of a company they don’t own in the hope that the price will fall. If the stock price falls, the trader can make money by selling short, but if the stock price rises, the trader will suffer a loss.

Tracking short interest is important because it can serve as an indicator of market sentiment toward a particular stock. An increase in short interest may indicate that investors are becoming more bearish, while a decrease in short interest may indicate that they are becoming more bullish.

See also: List of most shorted stocks

Cintas Short Interest Chart (3 Months)

As you can see from the table above, the percentage of Cintas’ shares shorted has increased since the last report. This doesn’t mean the stock will fall in the short term, but traders should be aware that more shares are being shorted.

Cintas short interest comparison with peers

Peer comparisons are a popular technique used by analysts and investors to measure how well a company is doing. A company’s peers are another company with similar characteristics (such as industry, size, age, and financial structure). You can find a company’s peer group by reading a company’s 10-K, agency filings, or conducting your own similarity analysis.

According to Benzinga Pro, Cintas’ peer group average short interest as a % of float is 4.39%, meaning the company less Short interest is higher than most peers.

Did you know that increasing short interest can actually bullish For stocks? This article from Benzinga Money explains how to profit from it.

This article was generated by Benzinga’s automated content engine and has been reviewed by an editor.