How Is The Market Feeling About Mitsubishi UFJ Finl Gr?
Portfolio Pulse from Benzinga Insights
Mitsubishi UFJ Finl Gr's (NYSE:MUFG) short percent of float has fallen 33.33% since its last report, indicating a decrease in bearish sentiment. The company has 5.29 million shares sold short, which is 0.04% of all regular shares available for trading. Compared to its peers, Mitsubishi UFJ has less short interest as a percentage of float, which is 0.89% on average.
September 04, 2023 | 3:45 pm
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POSITIVE IMPACT
Decrease in short interest suggests less bearish sentiment towards Mitsubishi UFJ Finl Gr. This could potentially lead to less downward pressure on the stock in the short term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest indicates less bearish sentiment, which could potentially lead to less downward pressure on the stock. Given that Mitsubishi UFJ's short interest is lower than its peers' average, it suggests that the market sentiment towards the company is relatively more positive.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100