Looking Into Parker Hannifin's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Parker Hannifin's short interest has decreased by 23.81%, with 1.03 million shares sold short, representing 0.8% of its float. This is lower than its peers' average short interest of 2.54%.
September 06, 2024 | 5:00 pm
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POSITIVE IMPACT
Parker Hannifin's short interest has decreased significantly, now at 0.8% of its float, which is lower than its peers' average. This could indicate a shift towards a more bullish sentiment among investors.
The decrease in short interest by 23.81% suggests that fewer investors are betting against Parker Hannifin, which could indicate a more positive outlook on the stock. Additionally, its short interest is lower than the peer average, further supporting a potential bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100