Looking Into PPL's Recent Short Interest
Portfolio Pulse from Benzinga Insights
PPL Corporation's (NYSE:PPL) short interest has decreased by 12.23% since the last report, with 15.73 million shares sold short, representing 2.44% of its float. It would take about 3.27 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards PPL compared to its peers, where the average short interest as a percentage of float is 2.39%.
February 12, 2024 | 5:30 pm
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PPL Corporation's short interest has decreased, indicating a potential shift towards a more bullish market sentiment.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For PPL, this reduction in short interest could lead to a short-term positive impact on its stock price as it indicates a shift towards a more bullish sentiment among traders and investors.
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