(PCAR) - Analyzing PACCAR's Short Interest
Portfolio Pulse from Benzinga Insights
PACCAR's (NYSE:PCAR) short percent of float has fallen 14.37% since its last report, with 6.81 million shares sold short, which is 1.49% of all regular shares available for trading. It would take traders 3.66 days to cover their short positions on average. Compared to its peers, PACCAR has less short interest as a percentage of float, with an average of 4.97%.
September 07, 2023 | 1:30 pm
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PACCAR's short interest has decreased, indicating a potentially more bullish market sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is an indicator of market sentiment. A decrease in short interest could mean that investors are less bearish about the stock, which could potentially lead to an increase in the stock price. However, other factors also influence stock prices, so this does not guarantee a rise in PACCAR's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100