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 13.4%, with 1.61 million shares sold short, representing 2.37% of its float. This increase in short interest could indicate bearish sentiment among investors. However, PKG's short interest is still below the peer group average of 3.70%.
June 14, 2024 | 1:15 pm
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Packaging Corp of America's short interest has increased by 13.4%, now at 2.37% of its float. This could indicate bearish sentiment, but it's still below the peer average of 3.70%.
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 short interest is still below the peer group average, which may mitigate some of the negative impact.
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