Looking Into Yum China Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Yum China Holdings (NYSE:YUMC) has seen a decrease in short interest, now at 1.98% of float, down 5.26% from the last report. With 8.03 million shares sold short, it would take about 2.06 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards YUMC among investors. Compared to its peers, YUMC has a significantly lower short interest percentage of 1.98% against an average of 9.02%, suggesting better performance or sentiment relative to its peer group.
February 23, 2024 | 5:15 pm
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Yum China Holdings's short interest has decreased, indicating a potentially more bullish sentiment towards the stock in the short term.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For YUMC, this reduction in short interest, especially when compared to its peers, could indicate a stronger bullish sentiment, potentially leading to a positive impact on its stock price in the short term.
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