(TSE) - Analyzing Trinseo's Short Interest
Portfolio Pulse from Benzinga Insights
Trinseo (NYSE:TSE) has seen a decrease in short interest, now at 3.48% of its float, lower than its peer group average of 5.62%. This reduction from 744 thousand shares suggests a more bullish sentiment among traders, as it now takes 2.14 days on average to cover short positions.
March 13, 2024 | 5:45 pm
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Trinseo's short interest has decreased, indicating a potential bullish sentiment shift among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For Trinseo, this reduction in short interest could indicate a shift towards a more bullish sentiment, potentially leading to a short-term increase in stock price as traders cover their positions.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90