Peering Into PACCAR's Recent Short Interest
Portfolio Pulse from Benzinga Insights
PACCAR's short interest has risen by 12.81%, with 10.36 million shares sold short, representing 2.29% of its float. This increase in short interest could indicate bearish sentiment, although PACCAR's short interest is still lower than its peers' average of 5.46%.
June 26, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
PACCAR's short interest has increased by 12.81%, with 10.36 million shares sold short, representing 2.29% of its float. This could indicate bearish sentiment, but the short interest is still below the peer average of 5.46%.
The increase in short interest suggests that more investors are betting against PACCAR, which could lead to downward pressure on the stock price. However, the short interest is still lower than the peer average, which might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100