Looking 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 risen 4.14% since its last report, with 6.98 million shares sold short, which is 1.76% of all regular shares available for trading. It would take traders 3.25 days to cover their short positions on average. The company's short interest is higher than most of its peers, with an average of 0.95%.
July 28, 2023 | 5:30 pm
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PNC Financial Services Group's short interest has increased, indicating a bearish sentiment among traders. However, this does not necessarily mean the stock price will fall in the near term.
An increase in short interest indicates that more traders are betting that the stock price will fall. However, this is not a guaranteed predictor of stock price movement. The stock's performance will also depend on other factors such as the company's financial performance, market conditions, and investor sentiment.
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