Peering Into PPG Indus's Recent Short Interest
Portfolio Pulse from Benzinga Insights
PPG Industries' (NYSE:PPG) short percent of float has decreased by 5.13% since its last report, with 1.73 million shares sold short, representing 0.74% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards PPG Industries. Compared to its peers, PPG Industries has less short interest as a percentage of float, with an average of 3.75%.
July 12, 2023 | 4:01 pm
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PPG Industries' short interest has decreased, potentially indicating a more bullish sentiment towards the company's stock. Compared to its peers, PPG has less short interest.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in PPG Industries' stock price in the short term. Furthermore, having less short interest compared to its peers could make PPG Industries more attractive to investors.
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