How Is The Market Feeling About Performance Food Gr?
Portfolio Pulse from Benzinga Insights
Performance Food Group Company (NYSE:PFGC) has seen a decrease in short interest, with the short percent of float dropping 19.82% since the last report. The company has 2.15 million shares sold short, representing 1.78% of available shares for trading. The average time to cover these short positions is 2.7 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Performance Food Gr has a lower short interest compared to its peer group average of 3.89%.
January 18, 2024 | 8:00 pm
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Performance Food Group's decrease in short interest suggests a more bullish sentiment from investors, potentially leading to a positive short-term impact on the stock price.
The reduction in short interest for PFGC indicates that fewer investors are betting on the stock price to fall, which could lead to a positive perception and a potential increase in the stock price in the short term. However, the article also suggests that this does not necessarily mean the stock will rise, so while the sentiment is more bullish, the impact is not guaranteed.
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