How Is The Market Feeling About Taiwan Semiconductor?
Portfolio Pulse from Benzinga Insights
Taiwan Semiconductor (NYSE:TSM) has seen a 7.69% decrease in short interest since the last report, with 12.31 million shares sold short, representing 0.24% of available shares. The average time to cover these short positions is 1.66 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 (0.24% vs. 3.75%).
December 25, 2023 | 5:30 pm
News sentiment analysis
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Taiwan Semiconductor's short interest has decreased, which may suggest a more bullish sentiment among investors. The stock has less short interest compared to its peers, which could be seen as a positive sign.
The decrease in short interest for TSM suggests that bearish sentiment is waning, which could lead to a short-term positive impact on the stock price. However, short interest alone is not a definitive predictor of stock movement, hence the importance is moderate. The confidence in this analysis is high due to the clear data provided on short interest trends.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100