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.
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IMPORTANCE 75
RELEVANCE 100