Peering Into Toyota Motor's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Toyota Motor's (NYSE:TM) short percent of float has fallen 12.5% since its last report, with 936 thousand shares sold short, which is 0.07% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Toyota. Compared to its peers, Toyota has less short interest as a percentage of float, with an average of 10.90%.
August 07, 2023 | 3:45 pm
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Toyota Motor's short interest has decreased, potentially indicating a more bullish sentiment towards the company's stock. Compared to its peers, Toyota has a lower short interest.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in Toyota's stock price in the short term. Furthermore, having a lower short interest than its peers could make Toyota's stock more attractive to investors.
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