(PCAR) - Analyzing PACCAR's Short Interest
Portfolio Pulse from Benzinga Insights
PACCAR's (NYSE:PCAR) short interest has risen by 7.75%, with 12.57 million shares sold short, representing 2.78% of its float. This increase in short interest could indicate bearish sentiment, although PACCAR's short interest is lower than its peers' average of 5.80%.
July 17, 2024 | 3:45 pm
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PACCAR's short interest has increased by 7.75%, with 12.57 million shares sold short, representing 2.78% of its float. This could indicate bearish sentiment, but PACCAR's short interest is still below the peer average of 5.80%.
The increase in short interest suggests that more investors are betting against PACCAR, which could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100