Peering Into PNC Finl Servs Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
PNC Financial Services Group's (NYSE:PNC) short percent of float has decreased by 4.19% since its last report, with 7.30 million shares sold short, representing 1.83% of all regular shares available for trading. It would take traders 2.65 days on average to cover their short positions. The company's short interest is higher than its peer group average of 0.92%.
July 12, 2023 | 7:30 pm
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PNC Financial Services Group's short interest has decreased, indicating a potentially more bullish market sentiment towards the stock. However, its short interest is higher than its peer group average.
A decrease in short interest can signal a more bullish sentiment towards a stock, which could potentially lead to an increase in its price. However, PNC's short interest is higher than its peer group average, which could indicate a higher level of skepticism towards the stock compared to its peers.
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