Peering Into TJX Companies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
TJX Companies's short percent of float has risen 29.51% since its last report, with 9.11 million shares sold short, which is 0.79% of all regular shares available for trading. It would take traders 2.07 days to cover their short positions on average. The company's short interest is less than its peer group average of 14.21%.
August 25, 2023 | 4:15 pm
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NEGATIVE IMPACT
TJX Companies has seen a 29.51% rise in short interest since its last report. This could indicate a bearish sentiment among traders, but it's worth noting that the company's short interest is still less than its peer group average.
The rise in short interest indicates that more traders are betting against TJX Companies, which could put downward pressure on the stock price in the short term. However, the company's short interest is still less than its peer group average, which could mitigate some of this potential downward pressure.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100