(TSN) - Analyzing Tyson Foods's Short Interest
Portfolio Pulse from Benzinga Insights
Tyson Foods (NYSE:TSN) has seen a decrease in short interest, with the short percent of float falling 16.06% to 1.62% of all shares available for trading. The current short interest stands at 4.03 million shares, requiring approximately 1.83 days for traders to cover their short positions. This decline in short interest may indicate a more bullish sentiment towards TSN compared to its peers, where the average short interest as a percentage of float is 4.24%.
May 08, 2024 | 2:15 pm
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Tyson Foods's short interest has decreased, indicating a potential bullish sentiment among investors. With a lower short interest compared to its peers, TSN may experience less downward pressure from short selling.
The decrease in short interest for Tyson Foods suggests that investors are becoming more optimistic about the company's stock. This reduction in short positions could reduce selling pressure, potentially leading to a price increase in the short term. Additionally, having a lower short interest than its peer average further strengthens the case for a bullish outlook.
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