(TM) - Analyzing Toyota Motor's Short Interest
Portfolio Pulse from Benzinga Insights
Toyota Motor (NYSE:TM) has seen a 40% increase in short interest since its last report, with 900 thousand shares sold short, representing 0.07% of its float. It would take about 3.37 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Toyota's short interest is below its peer group average of 12.45%.
November 24, 2023 | 6:45 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Toyota Motor's short interest has increased, which may indicate bearish sentiment among investors but is still below the peer group average.
The increase in short interest suggests that some investors are expecting the price of Toyota Motor's stock to decline. However, since the short interest is relatively low compared to the peer group average, the impact on the stock price may be limited. Additionally, the article suggests that an increase in short interest does not necessarily predict a near-term price drop, which is why the score is neutral.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100