How Is The Market Feeling About Western Union?
Portfolio Pulse from Benzinga Insights
Western Union's (NYSE:WU) short percent of float has increased by 3.45%, with 18.71 million shares sold short, representing 7.2% of all regular shares available for trading. This is higher than the peer group average of 4.51%. The increase in short interest could indicate bearish sentiment among investors.
May 31, 2024 | 7:45 pm
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Western Union's short interest has increased to 7.2% of its float, which is higher than the peer group average of 4.51%. This could indicate bearish sentiment among investors.
The increase in short interest suggests that more investors are betting against Western Union, which could lead to downward pressure on the stock price in the short term.
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