(PM) - Analyzing Philip Morris Intl's Short Interest
Portfolio Pulse from Benzinga Insights
Philip Morris Intl's (NYSE:PM) short percent of float has risen 4.44% since its last report, with 7.24 million shares sold short, which is 0.47% of all regular shares available for trading. This increase in short interest can indicate a bearish market sentiment towards the stock. However, compared to its peers, Philip Morris has less short interest as a percentage of float, with an average of 1.82%.

September 01, 2023 | 1:30 pm
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Philip Morris Intl's short interest has increased, indicating a bearish sentiment. However, it has less short interest compared to its peers.
An increase in short interest can indicate a bearish sentiment towards a stock, as traders are betting on the stock's price to fall. However, compared to its peers, Philip Morris has less short interest, which could mean that the market is less bearish on it than on its peers.
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