How Is The Market Feeling About United Parcel Service?
Portfolio Pulse from Benzinga Insights
United Parcel Service's (NYSE:UPS) short percent of float has risen 18.7% since its last report, with 10.58 million shares sold short. This is 1.46% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, UPS's short interest as a percentage of float is less than its peer group average of 3.26%.
July 27, 2023 | 3:15 pm
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NEGATIVE IMPACT
The increase in short interest in UPS indicates a bearish sentiment among traders. However, its short interest is less than its peer group average, which could be a positive sign.
Short interest is a measure of market sentiment. An increase in short interest indicates that more traders are betting that the stock's price will fall. However, UPS's short interest is less than its peer group average, which could indicate that it is performing better than similar companies.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100