How Is The Market Feeling About Philip Morris Intl?
Portfolio Pulse from Benzinga Insights
Philip Morris Intl (NYSE:PM) has seen a 14.0% decrease in short interest, now at 6.67 million shares or 0.43% of float, indicating a potential shift in market sentiment towards the stock. The current short interest is significantly lower than its peer group average of 2.83%, suggesting a more bullish outlook among investors compared to its peers.
February 23, 2024 | 6:30 pm
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Philip Morris Intl's short interest has decreased by 14.0%, indicating a potential bullish sentiment among investors.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock. For PM, this reduction suggests that the market sentiment is improving, potentially leading to a price increase in the short term. Additionally, being below its peer group average in short interest further strengthens the bullish case.
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