Peering Into Target's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Target's (NYSE:TGT) short percent of float has fallen 10.6% since its last report, with 8.92 million shares sold short, which is 1.94% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Target. Compared to its peers, Target has less short interest as a percentage of float, with an average of 3.61%.
September 22, 2023 | 1:30 pm
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The decrease in short interest in Target could indicate a more bullish sentiment towards the stock. This could potentially lead to an increase in the stock's price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock's price. Compared to its peers, Target has less short interest, which could further indicate a more positive sentiment towards the stock.
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IMPORTANCE 75
RELEVANCE 100