How Is The Market Feeling About PPG Indus?
Portfolio Pulse from Benzinga Insights
PPG Industries' (NYSE:PPG) short percent of float has fallen 35.24% since its last report, with 1.60 million shares sold short, which is 0.68% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards PPG. Compared to its peers, PPG has less short interest as a percentage of float, with an average of 4.04%.
October 05, 2023 | 4:31 pm
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POSITIVE IMPACT
PPG Industries' short percent of float has decreased, indicating a potential shift towards a more bullish market sentiment. This could potentially impact the stock positively in the short term.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in PPG's stock price in the short term.
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IMPORTANCE 75
RELEVANCE 100