Looking Into Texas Instruments's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Texas Instruments (NYSE:TXN) has seen a 6.08% increase in short interest since its last report, with 17.43 million shares sold short, representing 1.92% of its float. It would take about 2.78 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, TXN has less short interest compared to its peer group average of 3.70%. The rise in short interest doesn't necessarily predict a price drop.
November 28, 2023 | 8:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Texas Instruments has experienced an increase in short interest, which could suggest bearish market sentiment. However, its short interest is below the peer group average, indicating less bearish sentiment relative to its peers.
While the increase in short interest for Texas Instruments may suggest that some investors are expecting the stock price to decline, the fact that it is below the peer average could mitigate concerns. The short-term impact on the stock price is uncertain, as short interest is just one of many factors that can influence stock prices.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100