Looking Into Yum Brands's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Yum Brands's (NYSE:YUM) short interest has increased by 3.32%, with 6.12 million shares sold short, representing 2.18% of its float. It would take approximately 4.19 days to cover these short positions. This rise in short interest can indicate a bearish market sentiment towards YUM, although it has less short interest compared to its peer group average of 8.88%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting against the stock.
February 01, 2024 | 7:45 pm
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Yum Brands's short interest has increased, indicating a bearish sentiment among traders. However, it remains below the peer group average.
The increase in short interest suggests that traders are more bearish on Yum Brands, potentially leading to downward pressure on the stock price in the short term. However, the fact that Yum Brands's short interest is below its peer group average might mitigate some of the negative impact. The importance is rated at 70 due to the potential for short-term price movements based on market sentiment, with a confidence level of 80 reflecting the clear data on short interest changes.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90