How Is The Market Feeling About PACCAR?
Portfolio Pulse from Benzinga Insights
PACCAR's short interest has decreased by 3.32%, with 13.19 million shares sold short, representing 2.91% of its float. This is lower than the peer group average of 5.21%, indicating a relatively bullish sentiment towards PACCAR compared to its peers.
September 04, 2024 | 5:30 pm
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POSITIVE IMPACT
PACCAR's short interest has decreased, indicating a more bullish sentiment compared to its peers. With 2.91% of shares sold short, it is below the peer average of 5.21%.
The decrease in short interest suggests that investors are less bearish on PACCAR compared to its peers, which could lead to a positive short-term impact on its stock price. The lower short interest relative to peers indicates a more favorable market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100