Looking Into PNC Finl Servs Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
PNC Financial Services Group's (NYSE:PNC) short interest has decreased by 4.41% since the last report, with 5.15 million shares sold short, representing 1.3% of available shares. It would take about 2.53 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 0.82%.
December 11, 2023 | 6:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
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.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to an increase in its price in the short term. However, short interest is just one of many factors that can affect stock prices, and there is no guarantee that the price will rise.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100