(TJX) - Analyzing TJX Companies's Short Interest
Portfolio Pulse from Benzinga Insights
TJX Companies (NYSE:TJX) has seen a 23.85% decrease in short interest, now at 9.40 million shares or 0.83% of float, taking 1.85 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards TJX compared to its peers, where the average short interest as a percentage of float is 17.98%.
May 07, 2024 | 6:15 pm
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TJX Companies has experienced a significant decrease in short interest, suggesting a potential increase in bullish sentiment among investors.
A decrease in short interest typically indicates that investors are less bearish on a stock, potentially leading to an increase in its price in the short term. Given that TJX's short interest is significantly below its peer group average, this could suggest stronger confidence in TJX's market performance relative to its competitors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100