(FDX) - Analyzing FedEx's Short Interest
Portfolio Pulse from Benzinga Insights
FedEx's (NYSE:FDX) short percent of float has fallen 7.08% since its last report, with 2.43 million shares sold short, which is 1.05% of all regular shares available for trading. It would take traders 1.77 days to cover their short positions on average. FedEx's peer group average for short interest as a percentage of float is 3.39%, indicating that the company has less short interest than most of its peers.
October 23, 2023 | 8:15 pm
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FedEx's short percent of float has decreased, indicating a potentially more bullish sentiment towards the company's stock. However, this does not necessarily mean that the stock price will rise in the near term.
A decrease in short interest can signal that investors have become more bullish towards a particular stock. However, this is not a definitive indicator of a stock price increase in the near term. Other factors such as the company's financial performance, market conditions, and investor sentiment also play a significant role in determining the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100