Peering Into McKesson's Recent Short Interest
Portfolio Pulse from Benzinga Insights
McKesson's (NYSE:MCK) short percent of float has fallen 10.39% since its last report, with 1.85 million shares sold short, which is 1.38% of all regular shares available for trading. It would take traders 2.61 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 5.80% for its peer group.
November 06, 2023 | 7:15 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
McKesson's short percent of float has decreased, indicating a potentially more bullish market sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
A decrease in short interest can signal that investors have become more bullish, meaning they expect the stock price to rise. However, this is not a guarantee and other factors could influence the stock price. McKesson's short interest is also lower than its peers, which could be seen as a positive sign. However, it's important to note that short interest is just one of many indicators that investors should consider when evaluating a stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100