Yum Brands’s YUM short percent of float has decreased by 24.73% since its last report. The company recently announced that it has 3.83 million shares sold short, which represents 1.37% of all regular shares available for trading. Traders would need an average of 2.59 days to cover their short positions based on the trading volume.
Why Short Interest Matters
Short interest refers to the number of shares that have been sold short but have not yet been covered or closed out. Short selling occurs when a trader sells shares of a company they do not own, hoping that the price will decline. Traders profit from short selling if the stock price falls, but incur losses if it rises.
Tracking short interest is important because it can serve as an indicator of market sentiment towards a specific stock. An increase in short interest suggests that investors have turned more bearish, while a decrease indicates a more bullish sentiment.
See Also: List of the most shorted stocks
Yum Brands Short Interest Graph (3 Months)
As shown in the chart above, the percentage of shares sold short for Yum Brands has declined since its last report. However, this does not necessarily imply that the stock will rise in the near future, but it is important for traders to be aware of the decreased short interest.
Comparing Yum Brands’s Short Interest Against Its Peers
Peer comparison is a common technique used by analysts and investors to assess a company’s performance. A peer is another company that shares similar characteristics, such as industry, size, age, and financial structure. You can identify a company’s peer group by reviewing its 10-K, proxy filing, or conducting a similarity analysis.
According to Benzinga Pro, the average short interest as a percentage of float for Yum Brands’s peer group is 8.66%, indicating that the company has lower short interest compared to most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? This post by Benzinga Money explains how you can profit from it.
This article was generated by Benzinga’s automated content engine and was reviewed by an editor.
