How Is The Market Feeling About Paychex?
Portfolio Pulse from Benzinga Insights
Paychex's (NYSE:PAYX) short percent of float has fallen 9.45% since its last report, with 8.03 million shares sold short, which is 2.49% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Paychex. Compared to its peers, Paychex has less short interest as a percentage of float, with an average of 5.93%.
July 18, 2023 | 8:15 pm
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Decrease in short interest could indicate a more bullish sentiment towards Paychex. The company's short interest is lower than its peers' average, which could be a positive sign.
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. Paychex's short interest is also lower than its peers' average, which could be seen as a positive sign for the company.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100