(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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NEUTRAL IMPACT
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.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100