Looking Into PNC Finl Servs Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
PNC Financial Services Group's (NYSE:PNC) short percent of float has fallen 3.33% since its last report, with 5.75 million shares sold short, which is 1.45% of all regular shares available for trading. It would take traders 2.22 days to cover their short positions on average. The company has more short interest than most of its peers, with the peer group average for short interest as a percentage of float being 0.75%.
November 03, 2023 | 5:00 pm
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PNC Financial Services Group's short percent of float has decreased, indicating a potentially more bullish sentiment towards the stock.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish on the stock. As PNC's short percent of float has decreased, this could indicate a more bullish sentiment towards the stock, potentially leading to an increase in its price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100