How Is The Market Feeling About PNC Finl Servs Gr?
Portfolio Pulse from Benzinga Insights
PNC Financial Services Group's (NYSE:PNC) short percent of float has risen 19.32% since its last report, with 8.36 million shares sold short, which is 2.1% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock, signaling that investors have become more bearish. PNC's short interest as a percentage of float is higher than its peer group average of 0.85%.

August 18, 2023 | 2:00 pm
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PNC Financial Services Group's short percent of float has risen 19.32%, indicating a bearish market sentiment. This could potentially impact the stock's price in the short term.
The increase in short interest indicates that more investors are betting that PNC's stock price will fall. This bearish sentiment could potentially lead to a decrease in the stock's price in the short term.
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IMPORTANCE 75
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