Peering Into McKesson's Recent Short Interest
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's short interest is less than its peer group average of 7.28%.
October 19, 2023 | 2:45 pm
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McKesson's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average, suggesting it may be performing better than similar companies.
An increase in short interest indicates that traders expect the stock's price to fall. However, McKesson's short interest is less than its peer group average, which could suggest that it is performing better than similar companies in the market. This could potentially mitigate the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100