Peering Into Performance Food Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Performance Food Group (NYSE:PFGC) has seen a 20.99% increase in short interest, with 2.37 million shares sold short, representing 1.96% of its float. This is below the peer group average of 5.07%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
September 09, 2024 | 7:45 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Performance Food Group's short interest has increased by 20.99%, now at 1.96% of its float, which is below the peer average of 5.07%. This rise indicates bearish sentiment but doesn't necessarily predict a price decline.
The increase in short interest suggests that investors are more bearish on PFGC, but since the short interest is still below the peer average, it doesn't strongly indicate an imminent price drop. The market sentiment is cautious, but not overly negative.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100