Peering Into Packaging Corp of America's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Packaging Corp of America's (NYSE:PKG) short interest has risen by 4.5%, with 1.42 million shares sold short, representing 2.09% of its float. This increase in short interest could indicate bearish sentiment, although PKG's short interest is still below the peer group average of 3.82%.
May 28, 2024 | 6:00 pm
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Packaging Corp of America's short interest has increased by 4.5%, now at 2.09% of its float. This could indicate bearish sentiment, but the short interest is still below the peer average of 3.82%.
The increase in short interest suggests that more investors are betting against the stock, which could indicate bearish sentiment. However, the short interest is still below the peer group average, which may mitigate some of the negative impact.
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