Peering Into Union Pacific's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Union Pacific's (NYSE:UNP) short percent of float has risen 12.31% since its last report, with 4.47 million shares sold short, which is 0.73% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. Union Pacific's peer group average for short interest as a percentage of float is 0.95%, which means the company has less short interest than most of its peers.
August 04, 2023 | 11:58 am
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Union Pacific's short interest has increased, indicating a bearish sentiment. However, it has less short interest than most of its peers.
The increase in short interest indicates that traders are expecting the price of Union Pacific's stock to fall. However, the fact that it has less short interest than most of its peers could mean that the bearish sentiment is not as strong as it is for other companies in the same industry.
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IMPORTANCE 75
RELEVANCE 100