Peering Into Parsons Corp's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Parsons Corp's (NYSE:PSN) short interest has decreased by 5.55%, with 3.69 million shares sold short, representing 8.0% of its float. This is higher than the peer group average of 2.85%. It would take traders 5.07 days to cover their short positions.
June 20, 2024 | 8:15 pm
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Parsons Corp's short interest has decreased by 5.55%, now at 8.0% of its float, which is higher than the peer average of 2.85%. This could indicate a shift in market sentiment.
The decrease in short interest suggests that bearish sentiment is waning, which could be a bullish signal for the stock. However, the short interest is still higher than the peer average, indicating some level of caution among investors.
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