Peering Into Target's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Target's (NYSE:TGT) short percent of float has risen 6.19% since its last report, with 10.26 million shares sold short, which is 2.23% of all regular shares available for trading. It would take traders 1.17 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Target's peer group average for short interest as a percentage of float is 2.71%, which means the company has less short interest than most of its peers.

July 11, 2023 | 2:15 pm
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Target's short percent of float has risen 6.19%, indicating a potential bearish sentiment among investors. However, compared to its peers, Target has less short interest.
An increase in short interest can indicate that investors are expecting the stock price to fall, which is a bearish signal. However, compared to its peers, Target has less short interest, which could mean that the bearish sentiment is not as strong for Target as it is for its peers.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100