How Is The Market Feeling About McKesson?
Portfolio Pulse from Benzinga Insights
McKesson Corporation (NYSE:MCK) has seen a 12.5% increase in short interest since the last report, with 1.68 million shares sold short, representing 1.26% of available shares. It would take about 1.83 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, McKesson has less short interest compared to its peers' average of 5.06%. This data suggests caution but does not necessarily predict a price drop.
December 08, 2023 | 4:15 pm
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McKesson's increased short interest suggests bearish sentiment, but it's still below the peer average, indicating mixed market feelings.
The rise in short interest for McKesson indicates that some investors are expecting the stock price to decline. However, since the short interest is lower than the peer group average, it suggests that the bearish sentiment is not as strong as it could be. The short-term impact on the stock price is uncertain, as increased short interest can sometimes lead to a short squeeze if the stock moves contrary to expectations.
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IMPORTANCE 60
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