Looking Into Western Union's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Western Union's short interest has increased by 4.26%, with 21.61 million shares sold short, representing 8.33% of its float. This is higher than the peer group average of 5.26%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
October 30, 2024 | 2:30 pm
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Western Union's short interest has increased to 8.33% of its float, higher than its peers' average of 5.26%. This suggests a bearish sentiment among investors.
The increase in short interest to 8.33% of float, which is above the peer average, indicates that investors are more bearish on Western Union compared to its peers. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100