Looking Into Union Pacific's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Union Pacific's (NYSE:UNP) short interest has increased by 16.42% since the last report, with 4.74 million shares sold short, representing 0.78% of its float. It would take approximately 2.19 days to cover these short positions. This rise in short interest indicates a more bearish market sentiment towards UNP, although it has less short interest compared to its peers, with an average of 6.56% in the peer group.
March 29, 2024 | 5:45 pm
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Union Pacific's short interest has risen by 16.42%, indicating a bearish market sentiment. However, it's still below the peer group average.
The increase in short interest suggests that investors are becoming more bearish on Union Pacific, potentially leading to downward pressure on the stock price in the short term. However, being below the peer average might mitigate some negative impact, indicating a mixed market perception.
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