How Is The Market Feeling About Toyota Motor?
Portfolio Pulse from Benzinga Insights
Toyota Motor's (NYSE:TM) short percent of float has risen 14.29% since its last report, with 1.10 million shares sold short, which is 0.08% of all regular shares available for trading. It would take traders 2.91 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Toyota Motor's peer group average for short interest as a percentage of float is 10.79%, which means the company has less short interest than most of its peers.
July 20, 2023 | 6:30 pm
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Toyota Motor's short percent of float has increased, indicating a bearish sentiment. However, it has less short interest than most of its peers, suggesting a mixed market sentiment.
An increase in short interest usually indicates a bearish sentiment as investors expect the stock price to fall. However, Toyota Motor's short interest is less than most of its peers, suggesting that the market sentiment is mixed. Therefore, it's uncertain how this will impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100