How Is The Market Feeling About General Mills?
Portfolio Pulse from Benzinga Insights
General Mills's (NYSE:GIS) short percent of float has fallen 4.2% since its last report, indicating a more bullish sentiment towards the stock. The company has 14.67 million shares sold short, which is 2.51% of all regular shares available for trading. Compared to its peers, General Mills has less short interest as a percentage of float, with an average of 4.71%.
August 18, 2023 | 8:30 pm
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POSITIVE IMPACT
Decrease in short interest indicates a more bullish sentiment towards General Mills. This could potentially lead to an increase in the stock price in the short term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest often indicates a more bullish sentiment towards the stock, as fewer traders are betting on the price to fall. This could potentially lead to an increase in the stock price in the short term.
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IMPORTANCE 75
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