(PKG) - Analyzing Packaging Corp of America's Short Interest
Portfolio Pulse from Benzinga Insights
Packaging Corp of America's short interest has increased by 18.63%, with 1.65 million shares sold short, representing 2.42% of its float. This is below the peer average of 5.09%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
October 08, 2024 | 1:30 pm
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Packaging Corp of America's short interest has increased by 18.63%, with 1.65 million shares sold short, representing 2.42% of its float. This is below the peer average of 5.09%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest suggests a bearish sentiment among investors, but since PKG's short interest is still below the peer average, the impact on the stock price may be neutral in the short term. The market sentiment is mixed, and the stock price may not necessarily decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100