Looking Into Union Pacific's Recent Short Interest
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 20, 2023 | 3:00 pm
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Union Pacific's short percent of float has risen 16.0% since its last report, indicating a bearish market sentiment. However, it has less short interest than most of its peers.
The increase in short interest indicates that more investors are betting that Union Pacific's stock price will fall. However, the company has less short interest than most of its peers, which could mean that the market sentiment towards Union Pacific is less bearish compared to its peers.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100