Peering Into Target's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Target's (NYSE:TGT) short interest has decreased to 1.78% of its float, lower than the peer group average of 4.17%. This decline in short interest, from 8.21 million shares, suggests a more bullish sentiment among investors. It now takes traders approximately 2.43 days to cover their short positions, indicating a potential shift in market sentiment towards Target.
February 05, 2024 | 1:00 pm
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Target's short interest has decreased, indicating a more bullish sentiment among investors compared to its peers.
A decrease in short interest typically indicates that investors are becoming more optimistic about a company's stock performance. For Target, this decrease places it below the peer group average for short interest, suggesting a relatively more favorable outlook among investors. This could lead to a short-term positive impact on Target's stock price as market sentiment shifts.
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