Looking Into Taiwan Semiconductor's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Taiwan Semiconductor (NYSE:TSM) has seen a 7.69% decrease in short interest since its last report, with 12.65 million shares sold short, representing 0.24% of available shares. The average time to cover these short positions is 1.16 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, TSM has a lower short interest as a percentage of float, with the peer group average at 3.71%.
November 27, 2023 | 3:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Taiwan Semiconductor's short interest has decreased, which may suggest a more bullish sentiment among investors and could lead to a short-term positive impact on the stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to an increase in its price. Since TSM's short interest is lower than its peers, this could be seen as a positive sign. However, the article also cautions that this does not necessarily mean the stock will rise in the near term, hence the importance is not at the maximum level.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100