How Is The Market Feeling About McKesson?
Portfolio Pulse from Benzinga Insights
McKesson's (NYSE:MCK) short percent of float has risen 5.31% since its last report, with 1.61 million shares sold short, which is 1.19% of all regular shares available for trading. It would take traders 2.51 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, McKesson's peer group average for short interest as a percentage of float is 5.49%, which means the company has less short interest than most of its peers.
July 27, 2023 | 6:45 pm
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McKesson's short percent of float has increased, indicating a potentially bearish sentiment. However, its short interest is less than its peer group average.
An increase in short interest can indicate a bearish sentiment towards a stock. However, McKesson's short interest is less than its peer group average, which could mean that the market sentiment towards McKesson is not as bearish as it is towards its peers.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100