Looking Into Teledyne Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Teledyne Technologies (NYSE:TDY) has seen a 9.57% increase in short interest since its last report, with 811 thousand shares sold short, representing 2.29% of its float. It would take about 3.96 days to cover these short positions based on current trading volumes. This rise in short interest could indicate a more bearish market sentiment towards TDY, although it has less short interest compared to its peer group average of 6.32%.
February 05, 2024 | 7:45 pm
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Teledyne Technologies has experienced a significant increase in short interest, indicating a potentially more bearish sentiment among investors.
The increase in short interest for Teledyne Technologies suggests that investors may be expecting the stock price to decline, which could lead to negative pressure on the stock in the short term. However, the company's short interest is still below its peer group average, indicating it may not be as heavily targeted by short sellers compared to others in its industry.
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IMPORTANCE 75
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