Looking Into Union Pacific's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Union Pacific's (NYSE:UNP) short percent of float has risen 27.4% since its last report, with 5.67 million shares sold short, which is 0.93% of all regular shares available for trading. This increase in short interest can indicate a bearish market sentiment towards the stock. However, compared to its peers, Union Pacific has less short interest.
August 18, 2023 | 8:15 pm
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Union Pacific's short interest has increased, indicating a bearish sentiment. However, it has less short interest compared to its peers, which could be a positive sign.
The increase in short interest indicates that more traders are betting on the stock's price to fall, which is a bearish signal. However, having less short interest compared to its peers could mean that the market is less bearish on Union Pacific than on similar companies.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100