(TDG) - Analyzing TransDigm Gr's Short Interest
Portfolio Pulse from Benzinga Insights
TransDigm Gr's (NYSE:TDG) short percent of float has risen 10.0% since its last report, with 1.18 million shares sold short, which is 2.97% of all regular shares available for trading. It would take traders 4.15 days to cover their short positions on average. The company's peer group average for short interest as a percentage of float is 3.42%, which means the company has less short interest than most of its peers.
July 13, 2023 | 5:00 pm
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TransDigm Gr's short percent of float has risen 10.0% since its last report. The company has less short interest than most of its peers.
The increase in short interest indicates that more investors are betting against the company, which could put downward pressure on the stock. However, the company has less short interest than most of its peers, which could indicate less bearish sentiment compared to other companies in the same industry.
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IMPORTANCE 70
RELEVANCE 100