How Is The Market Feeling About General Mills?
Portfolio Pulse from Benzinga Insights
General Mills's (NYSE:GIS) short percent of float has fallen 4.28% since its last report, indicating a more bullish sentiment towards the stock. The company has 14.25 million shares sold short, which is 2.46% of all regular shares available for trading. Compared to its peers, General Mills has less short interest, with an average of 4.31% for its peer group.
September 18, 2023 | 2:15 pm
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The decrease in short interest in General Mills indicates a more bullish sentiment towards the stock, which could potentially lead to a rise in its stock price in the short term.
Short interest is an indicator of market sentiment towards a stock. A decrease in short interest indicates that traders are less bearish on the stock, which could potentially lead to a rise in its stock price. Given that General Mills's short interest has decreased and is lower than its peer group average, this suggests a more bullish sentiment towards the stock, which could potentially lead to a rise in its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100