How Is The Market Feeling About TG Therapeutics?
Portfolio Pulse from Benzinga Insights
TG Therapeutics (NYSE:TGTX) has seen a decrease in short interest, now at 23.68% of its float, down 5.17% from the last report. With 29.12 million shares sold short, it would take about 7.19 days to cover all short positions. This change in short interest could indicate shifting market sentiment towards TGTX, potentially signaling a more bullish outlook among investors. TGTX's short interest is higher than its peer group average of 13.96%, suggesting it is more heavily shorted than similar companies.
February 16, 2024 | 6:45 pm
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TG Therapeutics has experienced a significant decrease in short interest, suggesting a potential shift in market sentiment towards a more bullish outlook.
A decrease in short interest typically indicates that investors are becoming more optimistic about a stock's future performance. For TGTX, this reduction in short interest could lead to a short-term increase in its stock price as market sentiment improves. However, it's important to note that short interest is just one of many factors that can influence stock prices.
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