Peering Into Unilever's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Unilever's (NYSE:UL) short percent of float has fallen 8.33% since its last report, with 2.69 million shares sold short, which is 0.11% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Unilever. Compared to its peers, Unilever has less short interest as a percentage of float, with an average of 6.90%.
August 21, 2023 | 4:45 pm
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Unilever's decrease in short interest could indicate a more bullish sentiment towards the stock. This, combined with the fact that it has less short interest than its peers, could potentially impact the stock positively in the short term.
Short interest is an indicator of market sentiment towards a stock. A decrease in short interest can signal a more bullish sentiment, which could potentially lead to an increase in the stock's price. Furthermore, Unilever's lower short interest compared to its peers could make it more attractive to investors.
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