How Is The Market Feeling About PNC Finl Servs Gr?
Portfolio Pulse from Benzinga Insights
PNC Financial Services Group's (NYSE:PNC) short interest has decreased by 6.21% since the last report, with 5.40 million shares sold short, representing 1.36% of available shares. It would take about 2.11 days to cover all short positions. A decrease in short interest can indicate a more bullish sentiment towards the stock. PNC has a higher short interest than its peer group average of 0.78%.
November 21, 2023 | 1:15 pm
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PNC Financial Services Group'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.
The decrease in short interest for PNC Financial Services Group indicates that fewer traders are betting on the stock price to fall, which could lead to a short-term positive impact on the stock price as market sentiment appears to be more bullish.
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