Looking Into Packaging Corp of America's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Packaging Corp of America's short interest has decreased by 8.22%, with 1.37 million shares sold short, representing 2.01% of its float. This is lower than the peer group average of 4.70%, indicating a relatively bullish sentiment.
August 27, 2024 | 3:15 pm
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Packaging Corp of America's short interest has decreased by 8.22%, with 1.37 million shares sold short, representing 2.01% of its float. This is lower than the peer group average of 4.70%, indicating a relatively bullish sentiment.
The decrease in short interest by 8.22% suggests that investors are less bearish on PKG compared to before. With short interest at 2.01% of float, which is below the peer average of 4.70%, this indicates a relatively bullish sentiment. This could lead to a positive short-term impact on PKG's stock price as the market perceives reduced bearish sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100