How Is The Market Feeling About Philip Morris Intl?
Portfolio Pulse from Benzinga Insights
Philip Morris Intl (NYSE:PM) has seen a 9.3% increase in short percent of float since its last report, with 7.33 million shares sold short, representing 0.47% of available shares. The short interest in PM is lower than its peer group average of 9.93%. This rise in short interest indicates a more bearish market sentiment towards PM, but it's not necessarily a predictor of a near-term price drop.
April 25, 2024 | 2:15 pm
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Philip Morris Intl's short interest has increased, indicating a bearish market sentiment. However, it's below its peer group average, suggesting a mixed outlook.
The increase in short interest for PM suggests a bearish sentiment among investors, but being below the peer average could indicate resilience or potential for a bullish reversal. The short-term impact is uncertain, hence a neutral score, but the situation warrants close monitoring for potential shifts in investor sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90