Looking Into Performance Food Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Performance Food Group's (NYSE:PFGC) short interest has decreased by 6.21% since the last report, with 1.82 million shares sold short, representing 1.51% of its float. The current short interest suggests a bullish sentiment as it is lower than the peer group average of 5.16%. The decrease in short interest indicates fewer traders are betting against the stock, which could be a positive sign for its short-term performance.
March 12, 2024 | 5:45 pm
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Performance Food Group's short interest decrease suggests a bullish sentiment, potentially indicating a positive short-term impact on its stock price.
The decrease in short interest for Performance Food Group indicates that fewer traders are betting against the stock, which can be interpreted as a positive sentiment towards the company. This reduction in short interest, especially when compared to the peer group average, suggests that the market may be more bullish on PFGC than on its competitors. Given the relationship between short interest and stock price movements, this could lead to a positive short-term impact on PFGC's stock price.
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