Looking Into TMC Metals's Recent Short Interest
Portfolio Pulse from Benzinga Insights
TMC Metals's (NYSE:TMC) short percent of float has risen 8.86% since its last report, with 8.05 million shares sold short, which is 3.81% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. TMC Metals's peer group average for short interest as a percentage of float is 3.01%, which means the company has more short interest than most of its peers.
August 29, 2023 | 2:01 pm
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TMC Metals's short interest has increased, indicating a bearish market sentiment. The company's short interest is higher than most of its peers.
An increase in short interest often indicates a bearish sentiment towards a stock. As TMC Metals's short interest has risen 8.86% since its last report and is higher than most of its peers, this suggests that investors are expecting the stock price to fall in the short term.
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