Peering Into PayPal Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
PayPal Holdings (NYSE:PYPL) has seen a 6.09% increase in its short percent of float, now at 2.09% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, compared to its peers, PayPal's short interest is lower, with the peer group average at 5.71%.
August 14, 2024 | 4:00 pm
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PayPal Holdings has experienced a 6.09% increase in short interest, now at 2.09% of its float. This rise in short interest suggests growing bearish sentiment among investors. However, PayPal's short interest remains lower than the peer group average of 5.71%.
The increase in short interest indicates that more investors are betting against PayPal, which could lead to downward pressure on the stock price in the short term. However, the fact that PayPal's short interest is still below the peer group average may mitigate some of this negative sentiment.
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IMPORTANCE 80
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