Peering Into Philip Morris Intl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Philip Morris Intl (NYSE:PM) has seen a decrease in short interest, with the current level at 4.61 million shares, representing 0.3% of available shares for trading. The short interest has fallen 6.25% since the last report, and it would take about 1.0 trading day to cover all short positions. This decline in short interest may indicate a more bullish sentiment among investors compared to the company's peers, which have an average short interest of 2.39% of float.
January 05, 2024 | 7:30 pm
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Philip Morris Intl's short interest has decreased, suggesting a more bullish sentiment among investors, which could lead to a positive short-term impact on the stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to an increase in its price in the short term. Since Philip Morris Intl has a lower short interest compared to its peers, this could be perceived as a positive sign by the market, potentially leading to a short-term price increase.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80