How Is The Market Feeling About Plains All American?
Portfolio Pulse from Benzinga Insights
Plains All American (NYSE:PAA) has seen a decrease in short interest, with the short percent of float falling 14.55% to 2.29% of all shares available for trading. This indicates a reduction in bearish sentiment among traders. Compared to its peers, PAA has a lower short interest, suggesting a relatively more bullish outlook among investors.
February 19, 2024 | 6:30 pm
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Plains All American's short interest has decreased, indicating a potential shift towards a more bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For PAA, this reduction in short interest could lead to a short-term positive impact on its stock price as it reflects a decrease in bearish sentiment among traders. Additionally, being lower than its peer group average for short interest further strengthens the potential for a positive outlook.
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