Looking Into General Mills's Recent Short Interest
Portfolio Pulse from Benzinga Insights
General Mills's (NYSE:GIS) short percent of float has fallen 6.91% since its last report, with 13.32 million shares sold short, which is 2.29% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, General Mills has less short interest as a percentage of float, with an average of 4.47%.
October 23, 2023 | 7:00 pm
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The decrease in short interest in General Mills could indicate a more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can indicate a more bullish sentiment towards a stock. However, this does not necessarily translate into an immediate increase in stock price. It's also worth noting that compared to its peers, General Mills has less short interest.
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