How Is The Market Feeling About PACCAR?
Portfolio Pulse from Benzinga Insights
PACCAR's (NYSE:PCAR) short percent of float has fallen 6.95% since its last report, with 7.92 million shares sold short, which is 1.74% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards PACCAR. Compared to its peers, PACCAR has less short interest as a percentage of float, with an average of 5.21%.
August 22, 2023 | 8:45 pm
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POSITIVE IMPACT
The decrease in short interest for PACCAR could indicate a more bullish sentiment in the market, potentially leading to a positive impact on the stock price in the short term.
Short interest is an indicator of market sentiment. A decrease in short interest often signals a more bullish sentiment, which could lead to an increase in the stock price. As PACCAR's short interest has decreased, this could potentially have a positive impact on its stock price in the short term.
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IMPORTANCE 75
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