Looking Into United Parcel Service's Recent Short Interest
Portfolio Pulse from Benzinga Insights
United Parcel Service's (NYSE:UPS) short percent of float has risen 9.76% since its last report, with 9.78 million shares sold short, which is 1.35% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, UPS has less short interest as a percentage of float, which is 3.37% on average.
October 06, 2023 | 7:00 pm
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The increase in short interest in UPS indicates a bearish sentiment among investors. However, compared to its peers, UPS has less short interest.
The rise in short interest indicates that more investors are betting that the price of UPS will fall. This could put downward pressure on the stock in the short term. However, the fact that UPS has less short interest than its peers could indicate that it is viewed more favorably than other companies in its industry.
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