Looking Into Union Pacific's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Union Pacific (NYSE:UNP) has seen a 7.41% decrease in short interest since its last report, with 6.11 million shares sold short, representing 1.0% of its float. The average time to cover these short positions is 1.97 days. A decrease in short interest can indicate a more bullish sentiment towards the stock, although it does not necessarily predict a price rise. Union Pacific's short interest is slightly below its peer group average of 1.02%.
November 22, 2023 | 6:00 pm
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Union Pacific's short interest has decreased, which may indicate a more bullish sentiment among investors. The short interest is now below the peer group average, suggesting a relatively stronger position.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to less selling pressure and potentially a rise in the stock price. However, short interest is just one indicator and does not guarantee price movement. The fact that UNP's short interest is below the peer average may be seen as a positive sign by the market.
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