How Is The Market Feeling About Yum Brands?
Portfolio Pulse from Benzinga Insights
Yum Brands (NYSE:YUM) has seen a 7.09% increase in short interest since its last report, with 3.80 million shares sold short, representing 1.36% of available shares. It would take 2.35 days to cover these short positions based on current trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Yum Brands has less short interest compared to its peer group average of 9.26%.
November 13, 2023 | 6:30 pm
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NEUTRAL IMPACT
Yum Brands has experienced an increase in short interest, which may suggest bearish market sentiment but is still below its peer group average. This could lead to increased volatility in the short term.
The rise in short interest indicates that some investors are expecting the price of YUM to fall, which could lead to increased selling pressure. However, since the short interest is below the peer group average, the impact may be muted. The article does not provide any specific negative information about the company that would justify a strong bearish stance, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100