Peering Into Target's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Target's (NYSE:TGT) short percent of float has decreased by 4.64% since its last report, with 8.50 million shares sold short, representing 1.85% of all regular shares available for trading. It would take traders 2.58 days to cover their short positions on average. Compared to its peers, Target has less short interest as a percentage of float, with the average being 3.73%.
October 10, 2023 | 7:15 pm
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POSITIVE IMPACT
The decrease in short interest in Target's stock could indicate a more bullish sentiment among traders, potentially leading to a positive impact on 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 lead to an increase in the stock's price. Given that Target's short interest has decreased, this could indicate a more bullish sentiment among traders, which could potentially have a positive impact on the stock's price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100