Peering Into Tenaris's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Tenaris (NYSE:TS) has seen a 15.79% decrease in short interest, now at 2.83 million shares or 0.48% of float, taking 1.37 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards TS compared to its peers, where the average short interest as a percentage of float is 7.87%.
February 29, 2024 | 4:30 pm
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Tenaris's short interest has decreased significantly, indicating a potential increase in bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For Tenaris, this significant drop in short interest could reduce selling pressure and potentially lead to a price increase in the short term, especially when compared to its peers which have a higher average short interest.
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