(MCK) - Analyzing McKesson's Short Interest
Portfolio Pulse from Benzinga Insights
McKesson Corporation's (NYSE:MCK) short interest has decreased by 18.84% since the last report, with 1.49 million shares sold short, representing 1.12% of available shares. The average time to cover these short positions is 2.4 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. McKesson's short interest is below its peer group average of 5.01%.
November 22, 2023 | 1:30 pm
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McKesson's short interest has decreased, which may suggest a more bullish sentiment among investors and could potentially lead to a short-term increase in stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to a rise in its price as short sellers cover their positions. However, short interest is just one of many factors that can affect stock prices, and there is no guarantee that a decrease in short interest will lead to a price increase.
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