Peering Into UBS Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
UBS Gr's (NYSE:UBS) short percent of float has fallen 15.79% since its last report, with 13.41 million shares sold short, which is 0.48% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, UBS Gr has less short interest.
October 24, 2023 | 4:30 pm
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NEUTRAL IMPACT
UBS Gr's short interest has decreased, potentially indicating a more bullish sentiment. However, this does not guarantee a rise in stock price in the near term.
A decrease in short interest can indicate a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. However, this does not necessarily translate into a rise in stock price, as other factors can also influence the stock's performance. Compared to its peers, UBS Gr has less short interest, which could be seen as a positive sign by some investors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100