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. An increase in short interest can signal that investors have become more bearish. However, UPS's short interest as a percentage of float is less than its peer group average of 3.37%.
October 23, 2023 | 3:00 pm
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UPS's short percent of float has increased, indicating a bearish sentiment among investors. However, it's less than its peer group average.
The increase in short percent of float indicates that more investors are betting against UPS, which could put downward pressure on the stock. However, the fact that UPS's short interest is less than its peer group average suggests that it may be less vulnerable to a short squeeze.
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