How Is The Market Feeling About Performance Food Gr?
Portfolio Pulse from Benzinga Insights
Performance Food Group (NYSE:PFGC) has seen a 20.99% increase in its short percent of float, now at 1.96% of available shares. This indicates a rise in bearish sentiment, although it remains below the peer group average of 4.82%.
August 20, 2024 | 4:00 pm
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Performance Food Group's short interest has increased by 20.99%, indicating a rise in bearish sentiment. However, its short interest remains below the peer average, suggesting less bearishness compared to peers.
The increase in short interest suggests that investors are becoming more bearish on PFGC. However, since the short interest is still below the peer average, it indicates that the bearish sentiment is not as strong as it is for its peers. This could lead to short-term downward pressure on the stock price.
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