Looking Into Texas Roadhouse's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Texas Roadhouse (NYSE:TXRH) has seen a decrease in short interest, with the short percent of float falling 9.73% to 4.08%. This indicates fewer shares are being shorted, suggesting a potential shift in market sentiment towards the stock. The company's short interest is also below its peer group average of 8.93%, indicating less bearish sentiment compared to its peers.
February 28, 2024 | 8:15 pm
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Texas Roadhouse's short interest has decreased, indicating a potential positive shift in market sentiment towards the company.
A decrease in short interest typically suggests that investors are becoming more bullish on a stock. For Texas Roadhouse, this decrease could indicate a positive shift in market sentiment, potentially leading to a short-term increase in stock price as fewer investors are betting on its decline.
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