Looking Into General Mills's Recent Short Interest
Portfolio Pulse from Benzinga Insights
General Mills's (NYSE:GIS) short percent of float has fallen 6.6% since its last report, with 11.59 million shares sold short, which is 1.98% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, General Mills has less short interest as a percentage of float, with an average of 5.48%.
July 07, 2023 | 6:16 pm
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Decrease in short interest could indicate a more bullish sentiment towards General Mills.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish. As such, the decrease in short interest for General Mills could indicate a more bullish sentiment towards the stock, potentially impacting its price positively in the short term.
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