(TSN) - Analyzing Tyson Foods's Short Interest
Portfolio Pulse from Benzinga Insights
Tyson Foods (NYSE:TSN) has seen a 7.89% increase in its short percent of float since the last report, with 6.16 million shares sold short, representing 2.46% of all shares available for trading. This indicates a bearish market sentiment towards TSN, although it has less short interest compared to its peers' average of 4.73%. The article suggests that an increase in short interest can sometimes be bullish for a stock.
April 08, 2024 | 3:45 pm
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NEUTRAL IMPACT
Tyson Foods has experienced an increase in short interest, indicating a bearish sentiment but remains below its peer group average.
The increase in short interest for Tyson Foods suggests a bearish sentiment among traders. However, being below the peer average and the notion that increasing short interest can sometimes be bullish provides a mixed outlook. The short-term impact is uncertain, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90