Looking Into UBS Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
UBS Gr's (NYSE:UBS) short percent of float has risen 5.56% since its last report, with 21.39 million shares sold short, which is 0.76% of all regular shares available for trading. It would take traders 8.38 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, UBS Gr's peer group average for short interest as a percentage of float is 2.90%, which means the company has less short interest than most of its peers.
July 14, 2023 | 3:31 pm
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UBS Gr's short interest has increased, potentially indicating a bearish sentiment among investors. However, compared to its peers, UBS has less short interest.
The increase in short interest could indicate a bearish sentiment among investors, which could potentially lead to a decrease in UBS's stock price. However, the fact that UBS has less short interest than most of its peers could mitigate this potential impact.
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