Peering Into Terex's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Terex (NYSE:TEX) has seen a 19.27% increase in its short percent of float, now at 4.58%. This indicates a bearish sentiment among investors, as it surpasses the peer group average of 4.51%. It would take traders 3.31 days to cover their short positions.
May 15, 2024 | 8:15 pm
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Terex's short interest has increased by 19.27%, now at 4.58% of float, indicating a bearish sentiment. It surpasses the peer group average of 4.51%, and it would take traders 3.31 days to cover their short positions.
The significant increase in short interest suggests that investors are bearish on Terex's stock. This could lead to downward pressure on the stock price in the short term as more investors bet against it.
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IMPORTANCE 80
RELEVANCE 100