Peering Into United Parcel Service's Recent Short Interest
Portfolio Pulse from Benzinga Insights
United Parcel Service (NYSE:UPS) has seen a 3.51% increase in its short percent of float, now at 1.77% of all regular shares available for trading. This indicates a rise in bearish sentiment, although UPS's short interest is still lower than its peers' average of 5.87%.
July 05, 2024 | 2:59 pm
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United Parcel Service (NYSE:UPS) has experienced a 3.51% increase in short interest, now at 1.77% of its float. This suggests a rise in bearish sentiment, although its short interest remains below the peer average of 5.87%.
The increase in short interest indicates a rise in bearish sentiment towards UPS, which could put downward pressure on the stock price in the short term. However, the short interest is still lower than the peer average, which may mitigate some of the negative impact.
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