How Is The Market Feeling About Plains All American?
Portfolio Pulse from Benzinga Insights
Plains All American (NYSE:PAA) has seen a 5.02% increase in its short percent of float, now at 2.72% of all regular shares. This indicates a rise in bearish sentiment, although it has less short interest compared to its peers. It would take traders 6.31 days to cover their short positions.
July 25, 2024 | 5:00 pm
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Plains All American's short percent of float has increased by 5.02%, now at 2.72%. This rise in short interest suggests growing bearish sentiment, although it remains lower than the peer group average of 3.95%.
The increase in short interest indicates 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 lower than its peers, which might mitigate some of the negative impact.
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