How Is The Market Feeling About McKesson?
Portfolio Pulse from Benzinga Insights
McKesson's (NYSE:MCK) short interest has decreased by 5.51%, now representing 1.2% of its float with 1.57 million shares sold short. It would take approximately 2.37 days to cover these short positions. This decline in short interest could indicate a more bullish sentiment towards MCK among traders. Additionally, compared to its peers, McKesson has a lower short interest percentage of 1.2% against an average of 5.04%, suggesting it is performing well relative to its industry counterparts.
February 27, 2024 | 1:45 pm
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POSITIVE IMPACT
McKesson's short interest has decreased, indicating a potentially more bullish sentiment towards the stock in the short term.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For McKesson, this reduction could lead to a positive short-term price movement, especially when considering its better standing against peers.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100