How Is The Market Feeling About McKesson?
Portfolio Pulse from Benzinga Insights
McKesson's short interest has decreased by 12.43%, with 2.10 million shares sold short, representing 1.62% of its float. This is lower than its peers' average short interest of 5.61%. The decrease in short interest may indicate a more bullish sentiment towards McKesson.
October 29, 2024 | 6:30 pm
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McKesson's short interest has decreased by 12.43%, indicating a potential shift towards a more bullish market sentiment. The current short interest is 1.62% of the float, which is lower than the peer average of 5.61%.
The decrease in short interest suggests that fewer investors are betting against McKesson, which could indicate a more positive outlook on the stock. Additionally, McKesson's short interest is significantly lower than its peers, which may further support a bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100