How Is The Market Feeling About Plains All American?
Portfolio Pulse from Benzinga Insights
Plains All American (NYSE:PAA) has seen a 5.99% increase in its short percent of float, now at 2.3% of available shares. This indicates a rise in bearish sentiment, although its short interest is below the peer group average of 4.20%.
September 17, 2024 | 4:30 pm
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Plains All American's short interest has increased by 5.99%, 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 traders are more bearish on PAA, which could lead to downward pressure on the stock price. However, since the short interest is below the peer average, the bearish sentiment is not as strong as it could be.
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