(PPG) - Analyzing PPG Indus's Short Interest
Portfolio Pulse from Benzinga Insights
PPG Industries' 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 the average being 4.08%.
October 23, 2023 | 5:15 pm
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PPG Industries' short interest has decreased, potentially indicating a shift towards a more bullish market sentiment.
A decrease in short interest often indicates a more bullish market sentiment as it suggests fewer investors 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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