Looking Into Texas Instruments's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Texas Instruments's (NYSE:TXN) short percent of float has risen 16.57% since its last report, with 18.46 million shares sold short, which is 2.04% of all regular shares available for trading. It would take traders 2.63 days to cover their short positions on average. The company's short interest is less than its peer group average of 4.45%.
August 22, 2023 | 1:00 pm
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The rise in short interest in Texas Instruments could indicate a bearish sentiment among investors. However, the company's short interest is less than its peer group average.
The rise in short interest could indicate a bearish sentiment among investors, which could potentially lead to a decrease in the stock price. However, the fact that the company's short interest is less than its peer group average could indicate that the stock is less likely to experience a significant decrease in price compared to its peers.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100