Looking Into Philip Morris Intl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Philip Morris Intl (NYSE:PM) has seen a 22.73% decrease in short interest, with 5.21 million shares sold short, representing 0.34% of available shares. The average time to cover these short positions is 1.26 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, PM has a lower short interest as a percentage of float, with the peer group average at 1.41%.
November 17, 2023 | 5:30 pm
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Philip Morris Intl's short interest has decreased, which may suggest a more bullish sentiment among investors and could lead to a potential short-term increase in stock price.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to a short-term increase in its price as the market sentiment improves. However, the article also suggests that this does not necessarily mean the stock will rise, so while the impact is likely positive, there is some uncertainty.
CONFIDENCE 80
IMPORTANCE 70
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