Peering Into Toyota Motor's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Toyota Motor's (NYSE:TM) short interest has increased by 20.0% since the last report, with 867 thousand shares sold short, representing 0.06% of available shares. It would take about 3.22 days to cover these short positions. This rise in short interest can indicate a bearish market sentiment towards TM, although it has less short interest compared to its peers, with an average of 10.65% in the peer group.
March 19, 2024 | 8:00 pm
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Toyota Motor's short interest has risen by 20%, indicating a potential increase in bearish sentiment among investors, although it remains below the peer average.
The increase in short interest suggests that more investors are betting against Toyota Motor, which could lead to downward pressure on the stock price in the short term. However, the fact that TM's short interest is significantly lower than its peer average might mitigate some of the negative impact, indicating a mixed sentiment among investors.
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