How Is The Market Feeling About FedEx?
Portfolio Pulse from Benzinga Insights
FedEx's short interest has decreased by 8.82%, with 2.79 million shares sold short, representing 1.24% of its float. This is lower than the peer average of 3.53%, indicating a relatively bullish sentiment towards FedEx compared to its peers.
October 09, 2024 | 7:00 pm
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FedEx's short interest has decreased by 8.82%, with 2.79 million shares sold short, representing 1.24% of its float. This is lower than the peer average of 3.53%, indicating a relatively bullish sentiment towards FedEx compared to its peers.
The decrease in short interest suggests that investors are less bearish on FedEx compared to its peers, which could lead to a positive short-term impact on its stock price. The lower short interest relative to peers indicates a more bullish sentiment.
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