(PPG) - Analyzing PPG Indus's Short Interest
Portfolio Pulse from Benzinga Insights
PPG Industries' short percent of float has risen 16.67% since its last report, with 1.66 million shares sold short, representing 0.7% of all regular shares available for trading. This increase in short interest could indicate a bearish market sentiment towards PPG. However, compared to its peers, PPG has less short interest as the average for its peer group is 3.63%.
August 28, 2023 | 2:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
PPG Industries has seen a rise in short interest, which could indicate a bearish sentiment. However, its short interest is still less than its peer group average.
The rise in short interest for PPG Industries could indicate that traders are expecting the stock price to fall. However, the fact that PPG's short interest is less than its peer group average could mean that the bearish sentiment is not as strong for PPG as it is for its peers.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100