(UPS) - Analyzing United Parcel Service's Short Interest
Portfolio Pulse from Benzinga Insights
United Parcel Service (NYSE:UPS) has seen a 16.28% increase in short interest since its last report, with 10.87 million shares sold short, representing 1.5% of its float. The average time to cover these short positions is 2.37 days. While an increase in short interest can indicate bearish sentiment, UPS has less short interest compared to its peer group average of 3.18%. The rise in short interest does not necessarily predict a near-term price drop.
November 13, 2023 | 4:30 pm
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UPS's short interest has increased, which may indicate bearish sentiment among investors. However, the company's short interest is below the peer group average, suggesting less negative market sentiment relative to its peers.
The increase in short interest for UPS could suggest that some investors are expecting the stock price to decline. However, since the short interest is below the peer average, it does not strongly indicate a widespread negative sentiment. The impact on the stock price is uncertain, as short interest is just one of many factors that can affect stock performance.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80