Looking Into Philip Morris Intl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Philip Morris International (NYSE: PM) has seen a 25% increase in its short percent of float, now at 0.6% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, its short interest is still lower than the peer group average of 2.35%.
May 17, 2024 | 1:00 pm
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Philip Morris International has experienced a 25% increase in short interest, now at 0.6% of its float. This suggests a rise in bearish sentiment, although its short interest remains below the peer group average of 2.35%.
The 25% increase in short interest indicates a rise in bearish sentiment among investors. Although the short interest is still below the peer group average, the increase could put downward pressure on the stock price in the short term.
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