Looking Into TJX Companies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
TJX Companies (NYSE:TJX) has seen a decrease in short interest, with the short percent of float dropping 8.43% since the last report. The current short interest is 8.64 million shares, or 0.76% of available shares, with a cover time of 2.0 days. This decline in short interest may indicate a more bullish sentiment among investors compared to the peer group average of 16.99% short interest as a percentage of float.
November 13, 2023 | 8:45 pm
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TJX Companies has experienced a significant decrease in short interest, suggesting a more bullish market sentiment and potentially less downward pressure on the stock price in the short term.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could reduce selling pressure and potentially lead to a rise in the stock price. However, short interest is just one of many factors that can affect stock prices, and the article does not guarantee a price rise.
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