(PCTY) - Analyzing Paylocity Holding's Short Interest
Portfolio Pulse from Benzinga Insights
Paylocity Holding's (NYSE:PCTY) short interest has risen by 4.34%, with 2.76 million shares sold short, representing 7.21% of its float. This is higher than the peer group average of 4.88%. It would take traders 3.39 days to cover their short positions.
June 04, 2024 | 2:45 pm
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Paylocity Holding's short interest has increased by 4.34%, now at 7.21% of its float, which is higher than its peers' average of 4.88%. This could indicate bearish sentiment but also presents a potential for a short squeeze.
The increase in short interest suggests that more investors are betting against the stock, which could indicate bearish sentiment. However, the high short interest also presents a potential for a short squeeze if the stock price rises, forcing short sellers to cover their positions.
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