Three US Stocks With Bullish Float Short Signals: $TEF $UMC $MDLZ

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Telefonica Aims 100% Fiber Optic Digitalization Of Spain

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Telefonica S.A. (NYSE:TEF) is giving bullish signs with a float short of 0.05%. The company recently presented its Digital Deal proposal in Spain. The company said that Digital Deal is aimed at promoting newer rules of games, in accordance with post-pandemic's "new normal." This is meant to avoid inequalities of digital regime, while also promoting human rights in the times of technological risks.

The company, in this regard, shall be promoting 100% digitalization in Spain. By 2025, the fiber optics will have covered 100% area of Spain. In fact, Spain shall be regarded as the 5G technology implementation leader.

United Microelectronics Reported Q2-20 Financial Results

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With a float short of 0.04% stock of United Microelectronics Corp (NYSE:UMC) looks bullish. Last week, the company announced its quarterly results for the second quarter of this year. Beating consensus estimate of earnings of $0.05, the company posted $0.09 EPS. This represents a 275.00% YoY increase.

Additionally, the company also reported revenue of $1.49 billion, rising 29.14% in comparison with the same quarter in 2019. Also, the reported revenue beat consensus estimate of revenues of $1.47 billion.

Going forward, the company did not issue any earnings guidance for the meanwhile. The revenue guidance has also not been issued.

MONDELEZ Sees Exceptionally High Demand For Oreo In India

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Yet another bullish stock is MONDELEZ INTERNATIONAL (NASDAQ:MDLZ) whose float short is 0.62%. The company is enhancing its footfall in the Indian market as its sales in the country in 2019 surpassed $1billion milestone. The company has seen exceptionally high demand for Oreo biscuits in India during the lockdown.

It is learnt that MONDELEZ has grasped Indian market with Oreo brand. In fact, India has now become the third largest market for Oreo, following the U.S. and China. Company's biscuit portfolio has surged by over 50% due to increase in sales of biscuits during the mandatory lockdown.

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