How Is The Market Feeling About PACCAR?
Portfolio Pulse from Benzinga Insights
PACCAR's (NYSE:PCAR) short percent of float has fallen 7.88% since its last report, with 8.51 million shares sold short, which is 1.87% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards PACCAR. Compared to its peers, PACCAR has less short interest as a percentage of float, with an average of 5.41%.
July 26, 2023 | 3:45 pm
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PACCAR's decrease in short interest could indicate a more bullish sentiment towards the stock, potentially impacting its price positively in the short term.
Short interest is a key indicator of market sentiment towards a stock. A decrease in short interest often signals a more bullish sentiment, which could drive up the stock price. Given that PACCAR's short interest has decreased and is lower than its peers, this could potentially have a positive impact on its stock price in the short term.
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