(PM) - Analyzing Philip Morris Intl's Short Interest
Portfolio Pulse from Benzinga Insights
Philip Morris Intl's (NYSE:PM) short percent of float has fallen 14.89% since its last report, with 6.14 million shares sold short, which is 0.4% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Philip Morris has less short interest, with the average for its peer group being 2.24%.
September 19, 2023 | 4:00 pm
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Decrease in short interest could indicate a more bullish sentiment towards Philip Morris Intl's stock. The company's short interest is also lower than its peer group average.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest often signals a more bullish sentiment towards the stock, as it indicates fewer investors are betting on the stock's price to fall. In the case of Philip Morris Intl, the decrease in short interest, coupled with the fact that its short interest is lower than its peer group average, could suggest a more positive market sentiment towards the company's stock.
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