Peering Into Teledyne Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Teledyne Technologies (NYSE:TDY) has seen a decrease in short interest, with the short percent of float dropping 8.25% to 1.78% of all shares available for trading. This indicates a reduction in bearish sentiment among traders. The current short interest stands at 647 thousand shares, requiring approximately 3.1 days for traders to cover their short positions. This change in short interest is compared against its peers, where TDY has a lower short interest percentage than the peer group average of 7.19%.
March 29, 2024 | 2:15 pm
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Teledyne Technologies has experienced a significant decrease in short interest, indicating a potential decrease in bearish sentiment among investors and possibly a more bullish outlook in the short term.
The decrease in short interest suggests that fewer traders are betting against TDY, which could lead to less selling pressure and potentially a rise in the stock price in the short term. Additionally, being below the peer average in short interest could make TDY more attractive compared to its peers.
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