(TJX) - Analyzing TJX Companies's Short Interest
Portfolio Pulse from Benzinga Insights
TJX Companies's short percent of float has risen 7.89% since its last report, with 9.34 million shares sold short, which is 0.82% of all regular shares available for trading. It would take traders 1.86 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. TJX Companies's peer group average for short interest as a percentage of float is 15.87%, which means the company has less short interest than most of its peers.
October 16, 2023 | 1:30 pm
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TJX Companies's short percent of float has risen 7.89% since its last report. This increase in short interest can signal that investors have become more bearish on the stock. However, compared to its peers, TJX has less short interest.
The increase in short interest indicates that more investors are betting that the price of TJX Companies's stock will fall. This could put downward pressure on the stock price in the short term. However, the fact that TJX has less short interest than its peers could mitigate this effect to some extent.
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IMPORTANCE 75
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