Looking Into Paychex's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Paychex's (NYSE:PAYX) short percent of float has fallen 6.08% since its last report, with 8.96 million shares sold short, which is 2.78% 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, Paychex has less short interest as a percentage of float, with an average of 5.70%.
September 21, 2023 | 2:15 pm
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Decrease in short interest could indicate a more bullish sentiment towards Paychex. The company has less short interest compared to its peers.
Short interest is a measure of market sentiment towards a particular stock. A decrease in short interest, as seen with Paychex, can signal that investors have become more bullish, potentially leading to an increase in the stock's price. Additionally, having less short interest than its peers could make Paychex more attractive to investors.
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