(TGT) - Analyzing Target's Short Interest
Portfolio Pulse from Benzinga Insights
Target's (NYSE:TGT) short percent of float has fallen 4.27% since its last report, with 9.29 million shares sold short, which is 2.02% of all regular shares available for trading. It would take traders 2.21 days to cover their short positions on average. Target's short interest is less than its peer group average of 3.18%.
August 21, 2023 | 5:45 pm
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Target's short interest has decreased, indicating a potentially bullish sentiment among traders.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish on the stock. Therefore, the decrease in Target's short interest could potentially lead to an increase in its stock price in the short term.
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