Looking Into PNC Finl Servs Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
PNC Financial Services Group (NYSE:PNC) has seen a 5.3% increase in short interest, with 5.50 million shares sold short, representing 1.39% of its float. This is higher than the peer group average of 1.14%. The increase in short interest suggests a bearish sentiment among investors.
September 30, 2024 | 6:30 pm
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PNC Financial Services Group has experienced a 5.3% increase in short interest, now at 1.39% of its float, which is higher than its peers. This suggests a bearish sentiment among investors.
The increase in short interest indicates that more investors are betting against PNC, suggesting a bearish outlook. This is significant as it is above the peer average, indicating a stronger negative sentiment compared to similar companies.
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