How Is The Market Feeling About UFP Industries?
Portfolio Pulse from Benzinga Insights
UFP Industries (NYSE:UFPI) has seen a 4.57% increase in its short percent of float, now at 2.06%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 4.04%.
September 06, 2024 | 7:30 pm
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UFP Industries has experienced a 4.57% increase in short interest, now at 2.06% of float. This suggests a rise in bearish sentiment, but the short interest is still below the peer average of 4.04%.
The increase in short interest suggests that investors are becoming more bearish on UFPI. However, since the short interest is still below the peer average, the impact may be limited. The market sentiment is likely to be cautious, potentially leading to short-term price pressure.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100