(TDG) - Analyzing TransDigm Gr's Short Interest
Portfolio Pulse from Benzinga Insights
TransDigm Gr's (NYSE:TDG) short percent of float has risen 25.51% since its last report, with 1.22 million shares sold short, which is 3.05% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a stock. TransDigm Gr's peer group average for short interest as a percentage of float is 2.71%, which means the company has more short interest than most of its peers.
November 03, 2023 | 7:30 pm
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TransDigm Gr's short interest has increased, indicating a bearish market sentiment. However, high short interest can sometimes be bullish.
An increase in short interest usually indicates that investors are expecting the stock price to fall. However, if the stock price does not fall as expected, a short squeeze could occur, causing the stock price to rise as short sellers rush to cover their positions. This is why high short interest can sometimes be bullish.
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