How Is The Market Feeling About McKesson?
Portfolio Pulse from Benzinga Insights
McKesson's (NYSE:MCK) short percent of float has risen 8.47% since its last report, with 1.73 million shares sold short, which is 1.28% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, McKesson's short interest as a percentage of float is less, with an average of 6.69%.
September 12, 2023 | 7:30 pm
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The increase in short interest in McKesson's stock indicates a bearish market sentiment. However, compared to its peers, McKesson's short interest is less, which could be a positive sign.
The rise in short interest indicates that more investors are betting that the price of McKesson's stock will fall. This is generally a bearish signal. However, the fact that McKesson's short interest is less than its peers could indicate that it is performing better than similar companies in the market, which could be a positive sign for the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100