Short Interest in ABM Industries Incorporated (NYSE:ABM) Drops By 30.9%

Market Beat
2026.01.18 04:30
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ABM Industries Incorporated (NYSE:ABM) experienced a significant decline in short interest, dropping 30.9% in December to 1,749,420 shares. This represents approximately 2.9% of the company's shares sold short, with a days-to-cover ratio of 1.5 days based on an average daily volume of 1,169,011 shares. Analysts have mixed ratings on the stock, with a consensus rating of "Hold" and a target price of $54.33. Recent insider activity includes COO Rene Jacobsen selling 31,034 shares. Institutional investors hold 91.62% of the stock, reflecting strong institutional interest.