Looking Into Tetra Tech's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Tetra Tech's (NYSE:TTEK) short interest has decreased by 9.05% since the last report, with 848 thousand shares sold short, representing 2.01% of its float. The current short interest suggests a bullish sentiment as it is lower than the peer group average of 3.08%. The decrease in short interest indicates fewer traders are betting against the stock, which could be a positive sign for its short-term price movement.
March 21, 2024 | 5:45 pm
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Tetra Tech's short interest decrease suggests a bullish sentiment among traders, potentially leading to positive short-term price movement.
The decrease in short interest for Tetra Tech indicates that fewer traders are betting against the stock, which often suggests a more bullish market sentiment towards the company. This could lead to positive short-term price movement as the market reacts to the reduced negative pressure from short sellers.
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IMPORTANCE 70
RELEVANCE 90