Peering Into Graphic Packaging Holding's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Graphic Packaging Holding (NYSE:GPK) has seen a 17.21% increase in short interest, now at 7.15% of its float. This is higher than its peers' average of 3.53%. It would take traders 6.6 days to cover their short positions.
June 28, 2024 | 2:45 pm
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Graphic Packaging Holding's short interest has increased by 17.21%, now at 7.15% of its float, which is higher than its peers' average. This could indicate bearish sentiment but also presents a potential for a short squeeze.
The significant increase in short interest suggests that investors are bearish on GPK. However, high short interest can also lead to a short squeeze if the stock price rises, forcing short sellers to cover their positions, which could drive the price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100