(PCAR) - Analyzing PACCAR's Short Interest
Portfolio Pulse from Benzinga Insights
PACCAR's short interest has risen by 8.27%, with 13.62 million shares sold short, representing 3.01% of its float. This is lower than the peer group average of 5.74%. It would take traders 6.55 days to cover their short positions.
August 07, 2024 | 5:45 pm
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PACCAR's short interest has increased by 8.27%, with 13.62 million shares sold short, representing 3.01% of its float. This is lower than the peer group average of 5.74%.
The increase in short interest indicates a bearish sentiment among traders, but since PACCAR's short interest is still lower than its peers, the impact on the stock price may be neutral in the short term.
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