(UPS) - Analyzing United Parcel Service's Short Interest
Portfolio Pulse from Benzinga Insights
United Parcel Service (UPS) has seen a 15.86% increase in short interest, with 12.26 million shares sold short, representing 1.68% of its float. This is lower than the peer group average of 3.90%. The increase in short interest could indicate bearish sentiment but does not necessarily predict a near-term price drop.
May 22, 2024 | 4:15 pm
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United Parcel Service (UPS) has experienced a 15.86% increase in short interest, now at 1.68% of its float. This is below the peer group average of 3.90%. The rise in short interest could indicate bearish sentiment but does not necessarily predict a near-term price drop.
The increase in short interest suggests that more investors are betting against UPS, which could indicate bearish sentiment. However, the short interest is still below the peer average, which may mitigate the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100