Peering Into TJX Companies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
TJX Companies (NYSE:TJX) has seen a 35.53% increase in short interest since its last report, with 11.81 million shares sold short, representing 1.03% of available shares. The short interest ratio is 1.78 days to cover. While an increase in short interest can indicate bearish sentiment, TJX has less short interest compared to its peer group average of 16.63%. The rise in short interest does not necessarily predict a near-term price fall.
December 11, 2023 | 8:45 pm
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TJX Companies has experienced a significant rise in short interest, but it remains below the peer group average. This could indicate bearish sentiment but isn't a definitive predictor of stock performance.
While the increase in short interest for TJX Companies suggests that some investors are expecting the price to fall, the fact that it is still below the peer average means the sentiment is not overwhelmingly bearish. The short interest ratio indicates that it would not take long for short positions to be covered, which could limit downward pressure on the stock. Therefore, the short-term impact on TJX's stock price is uncertain, and investors should consider other factors in their analysis.
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