How Is The Market Feeling About McKesson?
Portfolio Pulse from Benzinga Insights
McKesson's (NYSE:MCK) short percent of float has risen 11.48% since its last report, with 1.83 million shares sold short, which is 1.36% of all regular shares available for trading. It would take traders 2.69 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 7.28%.
October 02, 2023 | 6:15 pm
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NEGATIVE IMPACT
McKesson's short percent of float has increased, indicating a bearish sentiment among traders. However, it has less short interest than most of its peers.
An increase in short interest can indicate a bearish sentiment towards a stock. However, McKesson has less short interest than most of its peers, which could mean that the market sentiment towards the company is not as negative as it seems.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100