Looking Into Yum Brands's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Yum Brands (NYSE:YUM) has seen a 3.02% increase in its short percent of float, now at 3.75% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, Yum Brands still has a lower short interest compared to its peers, whose average short interest is 10.32%.
August 08, 2024 | 3:30 pm
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Yum Brands has experienced a 3.02% increase in short interest, now at 3.75% of its float. This suggests a rise in bearish sentiment, although its short interest remains lower than the peer group average of 10.32%.
The increase in short interest indicates a rise in bearish sentiment among investors, which could put downward pressure on the stock price in the short term. However, the fact that Yum Brands' short interest is still lower than its peers may mitigate some of this negative impact.
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