How Is The Market Feeling About Parsons?
Portfolio Pulse from Benzinga Insights
Parsons (NYSE:PSN) has seen a significant increase in short interest, with 7.35% of its float sold short, compared to a peer average of 2.48%. This rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
October 15, 2024 | 3:00 pm
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Parsons has experienced a 51.55% increase in short interest, now at 7.35% of its float. This is significantly higher than its peers' average of 2.48%, indicating potential bearish sentiment.
The significant increase in short interest suggests that investors are becoming more bearish on Parsons, as it is much higher than the peer average. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100