Peering Into McKesson's Recent Short Interest
Portfolio Pulse from Benzinga Insights
McKesson Corporation (NYSE:MCK) has seen a decrease in short interest by 18.18% since the last report, with 1.55 million shares sold short, representing 1.17% of its float. The average time to cover these short positions is 2.66 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, McKesson has a lower short interest as a percentage of float, with the peer group average at 4.87%.
January 15, 2024 | 2:00 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 the stock, which could lead to a short-term increase in stock price as the market sentiment improves. However, the article also cautions that this does not necessarily mean the stock will rise in the near term, hence the importance is not at the maximum level.
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