Peering Into PPG Indus's Recent Short Interest
Portfolio Pulse from Benzinga Insights
PPG Industries' (NYSE:PPG) short percent of float has risen 63.64% since its last report, with 2.11 million shares sold short, representing 0.9% of all regular shares available for trading. It would take traders 1.6 days on average to cover their short positions. The company's short interest is less than its peer group average of 3.77%.
July 28, 2023 | 3:45 pm
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PPG Industries' short interest has increased significantly, indicating a bearish sentiment among traders. However, its short interest is still less than its peer group average.
The increase in short interest indicates that more traders are betting on the stock's price to fall, which is a bearish signal. However, the fact that PPG's short interest is less than its peer group average suggests that the bearish sentiment is not as strong as it is for other companies in the same industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100