Looking Into Yum Brands's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Yum Brands's (NYSE:YUM) short percent of float has fallen 15.5% since its last report, with 4.73 million shares sold short, which is 1.69% of all regular shares available for trading. It would take traders 3.44 days to cover their short positions on average. Compared to its peers, Yum Brands has less short interest as a percentage of float, with an average of 8.33%.
August 10, 2023 | 8:00 pm
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Yum Brands's short interest has decreased, indicating a potentially more bullish market sentiment towards the company. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is an indicator of market sentiment. A decrease in short interest can signal a more bullish sentiment towards a stock. However, this does not guarantee a rise in stock price, as other factors also influence stock prices.
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