Waste Connections (NYSE: WCN) announced on August 7, 2026, that it is authorized to repurchase up to 12,578,462 shares — equal to 5% of its issued share capital. This is an authorization, not a completed purchase; no shares have yet been bought back.
For holders, a buyback program can reduce the total share count over time if the company acts on the authorization. For short sellers, the picture is straightforward: short interest sits at just 1.3% of the free float, with a cost to borrow of 0.56% and days to cover of 1.7 — the short side is a minor factor here. Company repurchases in the open market can absorb selling pressure, but the pace and scale of actual purchases will depend on future company decisions.
Across 300 comparable buyback authorizations in the broader market, shares moved an average of 1.79% over the following five trading days, with 63% moving in that direction.
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