How Is The Market Feeling About Philip Morris Intl?
Portfolio Pulse from Benzinga Insights
Philip Morris Intl's (NYSE:PM) short percent of float has risen 15.0% since its last report, with 7.16 million shares sold short, which is 0.46% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Philip Morris has less short interest as a percentage of float, which is 3.04% on average.
August 04, 2023 | 8:45 pm
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Philip Morris Intl's short interest has increased by 15.0%, indicating a bearish sentiment. However, its short interest is less than its peers' average.
An increase in short interest often indicates a bearish sentiment towards a stock, as traders are betting on the stock's price to fall. However, the fact that Philip Morris's short interest is less than its peers' average could mean that the bearish sentiment is not as strong compared to other companies in the same industry.
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