Peering Into TG Therapeutics's Recent Short Interest
Portfolio Pulse from Benzinga Insights
TG Therapeutics (NYSE:TGTX) has seen a decrease in short interest, now at 25.55% of float, lower by 6.31% since the last report. With 35.71 million shares sold short, it would take about 14.46 days to cover all short positions. This change in short interest could indicate shifting market sentiment towards TGTX, potentially signaling a more bullish outlook among investors. TGTX's short interest is higher than its peer group average of 15.71%.
May 14, 2024 | 2:30 pm
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The decrease in short interest for TG Therapeutics suggests a potential shift in market sentiment towards a more bullish outlook. With a significant portion of shares still shorted, any positive news could lead to a short squeeze, driving the price up in the short term.
A decrease in short interest typically indicates that investors are becoming more optimistic about a stock's future performance. Given that TGTX's short interest is significantly higher than its peers, this reduction could be a strong bullish signal. However, the market's reaction can be unpredictable, and other factors not mentioned in the article might also influence the stock's performance.
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