Looking Into Unilever's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Unilever's (NYSE:UL) short percent of float has risen 11.11% since its last report, with 2.48 million shares sold short, which is 0.1% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Unilever has less short interest as a percentage of float, which is 6.32% on average.
July 12, 2023 | 5:45 pm
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Unilever's short interest has increased, indicating a bearish market sentiment. However, it has less short interest compared to its peers.
The increase in Unilever's short interest indicates that traders are expecting the stock price to fall, which is a bearish signal. However, compared to its peers, Unilever has less short interest, which could mean that the bearish sentiment is not as strong for Unilever as it is for its peers.
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IMPORTANCE 75
RELEVANCE 100