Looking Into General Mills's Recent Short Interest
Portfolio Pulse from Benzinga Insights
General Mills's (NYSE:GIS) short percent of float has risen 13.42% since its last report, with 15.30 million shares sold short, which is 2.62% 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, General Mills has less short interest as a percentage of float, which is 4.41% on average.
July 27, 2023 | 2:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
General Mills's short percent of float has risen 13.42%, indicating a bearish market sentiment. However, compared to its peers, GIS has less short interest.
The rise in short interest indicates that traders are expecting the price of General Mills's stock to fall. However, the fact that GIS has less short interest compared to its peers could mean that the market is less bearish on GIS than on its peers.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100