(PCAR) - Analyzing PACCAR's Short Interest
Portfolio Pulse from Benzinga Insights
PACCAR Inc's (NYSE:PCAR) short interest has increased by 16.67% since the last report, with 6.95 million shares sold short, representing 1.54% of its float. It would take approximately 2.62 days to cover these short positions. The rise in short interest can indicate a bearish market sentiment towards PCAR, although it has less short interest compared to its peers, with an average of 6.51% in the peer group.
April 05, 2024 | 3:15 pm
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PACCAR Inc's short interest has risen by 16.67%, indicating a potential increase in bearish sentiment among investors. However, its short interest is still below the peer group average.
The increase in short interest suggests that investors might be expecting the price of PCAR to fall, which could lead to a negative short-term impact on the stock price. However, being below the peer average might mitigate some negative perceptions.
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