Short interest in Penske Automotive Group Inc (NYSE:PAG) increased during the last reporting period, rising from 1.20M to 1.23M. This put 6.68% of the company's publicly available shares short.
Short interest for Penske Automotive Group gives investors a sense of the degree to which investors are betting on the decline of Penske Automotive Group's stock. Short interest data is updated every two weeks.
Based on the recent average volume of 131.04K shares traded per day, it would take 9.42 day(s) for holders of this short interest to close out their positions without sending the stock sharply higher.
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