(TFX) - Analyzing Teleflex's Short Interest
Portfolio Pulse from Benzinga Insights
Teleflex (NYSE:TFX) has seen a 20.56% increase in short interest since its last report, with 888 thousand shares sold short, representing 2.99% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 4.12% short interest. The coverage time for these short positions is approximately 3.15 days based on current trading volumes.

April 15, 2024 | 6:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Teleflex has experienced a significant increase in short interest, indicating a bearish outlook from the market but remains below its peer average.
The increase in short interest for Teleflex suggests that investors are becoming more bearish on the stock. However, being below the peer average might indicate that the sentiment is not as negative compared to similar companies. The short-term impact is likely negative due to the increased bearish sentiment, but the below-average peer comparison provides a nuanced view that may limit the downside.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100