How Is The Market Feeling About Union Pacific?
Portfolio Pulse from Benzinga Insights
Union Pacific's (NYSE:UNP) short percent of float has risen 16.0% since its last report, with 5.32 million shares sold short, which is 0.87% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. Union Pacific's peer group average for short interest as a percentage of float is 1.04%, which means the company has less short interest than most of its peers.
October 03, 2023 | 7:45 pm
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NEGATIVE IMPACT
Union Pacific's short percent of float has risen 16.0%, indicating a potential bearish sentiment. However, it has less short interest than most of its peers.
The increase in short interest indicates that more investors are betting against Union Pacific, which could put downward pressure on the stock. However, the fact that Union Pacific has less short interest than most of its peers could mitigate this effect.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100