Peering Into Parker Hannifin's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Parker Hannifin's (NYSE:PH) short interest has risen by 17.46%, with 952,000 shares sold short, representing 0.74% of its float. This increase in short interest could indicate bearish sentiment among investors. However, compared to its peers, Parker Hannifin has a lower short interest percentage.
June 11, 2024 | 6:45 pm
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Parker Hannifin's short interest has increased by 17.46%, now at 0.74% of its float. This could indicate bearish sentiment, but the company's short interest remains lower than its peers.
The increase in short interest suggests that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the fact that Parker Hannifin's short interest is still lower than its peers may mitigate some of this negative sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100