Peering Into UBS Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
UBS Gr's (NYSE:UBS) short percent of float has fallen 5.8% since its last report, with 18.10 million shares sold short, which is 0.65% of all regular shares available for trading. It would take traders 8.22 days to cover their short positions on average. Compared to its peers, UBS Gr has less short interest as a percentage of float, with an average of 2.46%.
August 17, 2023 | 3:30 pm
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UBS Gr's short percent of float has decreased, indicating a potentially more bullish sentiment towards the stock. However, it's important to note that this doesn't necessarily mean the stock will rise in the near term.
A decrease in short interest can signal that investors have become more bullish, meaning they expect the stock price to rise. However, this is not a guarantee and other factors could influence the stock's performance. UBS Gr's short interest is also lower than its peers, which could be seen as a positive sign. However, it's important to note that short interest is just one factor to consider when evaluating a stock's potential performance.
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