Looking Into Plains All American's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Plains All American (NYSE:PAA) has seen a decrease in short interest, with the short percent of float falling 13.54% to 1.98% of all shares available for trading. This indicates a reduction in bearish sentiment among traders. The company's short interest is below its peer group average of 3.64%, suggesting a relatively more bullish outlook compared to its peers.
March 22, 2024 | 1:31 pm
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The decrease in short interest for Plains All American suggests a reduction in bearish sentiment, potentially leading to a more positive short-term outlook for the stock.
A decrease in short interest typically indicates that fewer traders are betting on the stock's decline, which can be interpreted as a positive signal for the stock's short-term price movement. Given that PAA's short interest is also below its peer group average, this suggests a relatively more bullish sentiment towards PAA compared to its peers, potentially leading to positive short-term price action.
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