Looking Into Taiwan Semiconductor's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Taiwan Semiconductor's (NYSE:TSM) short percent of float has risen 8.33% since its last report, with 13.50 million shares sold short, which is 0.26% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, Taiwan Semiconductor's short interest as a percentage of float is less than its peer group average of 3.67%.
November 07, 2023 | 3:30 pm
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NEGATIVE IMPACT
Increased short interest in Taiwan Semiconductor could indicate a bearish sentiment, potentially impacting the stock price. However, its short interest is less than its peer group average, which could mitigate some of the potential negative impact.
Short interest is a measure of market sentiment. An increase in short interest can indicate that investors expect the stock's price to fall. However, Taiwan Semiconductor's short interest is less than its peer group average, which could indicate that the bearish sentiment is not as strong as it might be for other companies in the same industry.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100