Peering Into PNC Finl Servs Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
PNC Financial Services Group (NYSE:PNC) has seen a 3.4% decrease in its short interest, now at 1.42% of its float. This is higher than the peer group average of 1.08%. The decrease in short interest may indicate a more bullish sentiment among investors.
October 29, 2024 | 6:30 pm
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PNC Financial Services Group's short interest has decreased by 3.4%, now at 1.42% of its float, which is higher than its peers' average. This could indicate a shift towards a more bullish sentiment among investors.
The decrease in short interest suggests that fewer investors are betting against PNC, which could be interpreted as a sign of increasing confidence in the stock. The fact that PNC's short interest is still higher than its peers indicates that there is still some bearish sentiment, but the trend is moving towards bullishness.
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