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Looking Into Philip Morris International Inc's Recent Short Interest

Philip Morris International Inc NYSE

Philip Morris International Inc's (NYSE:PM) short percent of float has risen 26.79% since its last report. The company recently reported that it has 11.02 million shares sold short, which is 0.71% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.8 days to cover their short positions on average.

Why Short Interest Matters

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