Peering Into Mitsubishi UFJ Finl Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Mitsubishi UFJ Financial Group's (NYSE:MUFG) short percent of float has fallen 20.0% since its last report, with 5.12 million shares sold short, which is 0.04% 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, MUFG has less short interest as a percentage of float, with an average of 0.82%.
November 07, 2023 | 3:30 pm
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Mitsubishi UFJ Financial Group's short interest has decreased, potentially indicating a more bullish sentiment towards the stock. The company's short interest is also lower than its peers' average.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer investors are betting on the stock's price to fall. This, combined with the fact that MUFG's short interest is lower than its peers' average, could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100