How Is The Market Feeling About FedEx?
Portfolio Pulse from Benzinga Insights
FedEx's (NYSE:FDX) short percent of float has fallen 7.08% since its last report, indicating a decrease in bearish sentiment towards the stock. The company has 2.43 million shares sold short, which is 1.05% of all regular shares available for trading. Compared to its peers, FedEx has less short interest as a percentage of float, with an average of 3.39%.
October 06, 2023 | 5:15 pm
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Decrease in short interest indicates less bearish sentiment towards FedEx. This could potentially lead to a more stable stock price in the short term.
Short interest is a measure of market sentiment. A decrease in short interest indicates that fewer investors are betting against the stock, which could potentially lead to less volatility in the stock price. However, it does not necessarily mean that the stock price will rise in the near term.
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