Peering Into United Parcel Service's Recent Short Interest
Portfolio Pulse from Benzinga Insights
United Parcel Service (NYSE:UPS) has seen a 16.37% decrease in short interest, now at 10.43 million shares or 1.43% of float, taking 1.72 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards UPS compared to its peers, where the average short interest as a percentage of float is 4.18%.
April 30, 2024 | 3:00 pm
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UPS's short interest has decreased significantly, indicating a potential increase in bullish sentiment among investors.
A decrease in short interest typically suggests that investors are less bearish on the stock, potentially leading to a short-term price increase. Given UPS's lower short interest compared to its peers, this could signal stronger confidence in UPS's market position and future performance.
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