Looking Into PayPal Holdings Recent Short Interest
Portfolio Pulse from Benzinga Insights
PayPal Holdings (NYSE:PYPL) has seen a 9.89% increase in short interest since its last report, with 21.59 million shares sold short, representing 2.0% of its float. The short interest is below the peer group average of 6.05%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.
December 25, 2023 | 5:15 pm
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PayPal's short interest has increased, but remains below the peer average. This could indicate bearish sentiment but isn't a definitive predictor of immediate stock price movement.
While the rise in short interest suggests that some investors are expecting the price of PayPal's stock to fall, the fact that it's below the peer average and the article's indication that increased short interest doesn't necessarily lead to a price drop, makes the short-term impact neutral.
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IMPORTANCE 50
RELEVANCE 80