How Is The Market Feeling About TransDigm Gr?
Portfolio Pulse from Benzinga Insights
TransDigm Gr's (NYSE:TDG) short percent of float has fallen 8.14% since its last report, indicating a more bullish sentiment towards the stock. The company has 949 thousand shares sold short, which is 2.37% of all regular shares available for trading. Compared to its peers, TransDigm Gr has less short interest as a percentage of float, with the average being 2.55%.

September 18, 2023 | 2:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Decrease in short interest indicates a more bullish sentiment towards TransDigm Gr. The company has less short interest compared to its peers.
A decrease in short interest usually indicates a more bullish sentiment towards a stock. This is because short selling is a strategy used when traders expect a stock's price to fall. Therefore, a decrease in short interest suggests that fewer traders are expecting the price of TransDigm Gr's stock to fall. Additionally, having less short interest compared to its peers could indicate that the market views TransDigm Gr more favorably.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100