Looking Into Unum Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Unum Gr's (NYSE:UNM) short interest has decreased by 14.49% since the last report, with 2.97 million shares sold short, representing 1.77% of its float. It would take about 1.84 days to cover all short positions. This decrease in short interest could indicate a more bullish sentiment towards UNM compared to its peers, where the average short interest as a percentage of float is 2.05%.
February 16, 2024 | 8:00 pm
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POSITIVE IMPACT
Unum Gr's short interest has decreased, indicating a potential bullish sentiment among investors. With a lower short interest compared to its peers, UNM might see a positive short-term impact on its stock price.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock. For Unum Gr, the significant drop in short interest, coupled with its lower short interest compared to its peers, suggests a positive sentiment that could lead to a short-term increase in its stock price.
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