Looking Into PPG Indus's Recent Short Interest
Portfolio Pulse from Benzinga Insights
PPG Industries' (NYSE:PPG) short percent of float has risen 50.0% since its last report, with 2.47 million shares sold short, which is 1.05% of all regular shares available for trading. It would take traders 2.07 days to cover their short positions on average. An increase in short interest can indicate a bearish market sentiment. However, PPG Industries has less short interest than most of its peers, with an average of 3.82%.
September 15, 2023 | 4:30 pm
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PPG Industries has seen a 50.0% increase in short percent of float, indicating a potential bearish sentiment. However, it has less short interest than most of its peers.
The increase in short percent of float for PPG Industries indicates that traders are expecting the stock price to fall. However, the fact that PPG has less short interest than most of its peers could mean that the bearish sentiment is not as strong as it seems.
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IMPORTANCE 70
RELEVANCE 100