How Is The Market Feeling About Parker Hannifin?
Portfolio Pulse from Benzinga Insights
Parker Hannifin's (NYSE:PH) short percent of float has fallen 15.79% since its last report, indicating a decrease in bearish sentiment towards the stock. The company has 1.23 million shares sold short, which is 0.96% of all regular shares available for trading. Compared to its peers, Parker Hannifin has less short interest as a percentage of float (3.44%).
August 16, 2023 | 6:00 pm
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The decrease in short interest for Parker Hannifin suggests less bearish sentiment towards the stock, which could potentially lead to a positive impact on its price in the short term.
Short interest is an indicator of market sentiment towards a stock. A decrease in short interest suggests that traders are less bearish on the stock, which could potentially lead to an increase in the stock's price in the short term.
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