How Is The Market Feeling About US Foods Hldg?
Portfolio Pulse from Benzinga Insights
US Foods Hldg (NYSE:USFD) has seen a significant decrease in its short percent of float, dropping by 42.79% since the last report. Currently, 3.19 million shares are sold short, representing 1.31% of the total float. This is lower than the peer group average of 4.57%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
October 18, 2024 | 7:00 pm
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US Foods Hldg has experienced a 42.79% decrease in short interest, now at 1.31% of float, which is below the peer average of 4.57%. This could suggest a more bullish market sentiment.
The significant decrease in short interest suggests that fewer investors are betting against US Foods Hldg, which could indicate a shift towards a more positive outlook on the stock. This is further supported by the fact that its short interest is below the peer average, potentially signaling a stronger position relative to its peers.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100