How Is The Market Feeling About T-Mobile US?
Portfolio Pulse from Benzinga Insights
T-Mobile US's (NYSE:TMUS) short percent of float has fallen 15.04% since its last report, with 24.31 million shares sold short, which is 4.18% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards T-Mobile US. However, compared to its peers, T-Mobile US has a higher short interest as a percentage of float (2.39%).
July 20, 2023 | 7:15 pm
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Decrease in short interest could indicate a more bullish sentiment towards T-Mobile US. However, its higher short interest compared to peers might be a concern.
A decrease in short interest usually indicates a more bullish sentiment as fewer traders are betting on the stock's price to fall. However, T-Mobile US's higher short interest compared to its peers could indicate that traders are more bearish on TMUS than on its peers, which could potentially put downward pressure on the stock.
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