Peering Into Tian Ruixiang Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Tian Ruixiang Holdings (NYSE:TIRX) has seen a significant increase in short interest, rising 589.29% since its last report. The company now has 55,000 shares sold short, representing 3.86% of its float. This is higher than the peer group average of 3.60%.
May 27, 2024 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Tian Ruixiang Holdings has experienced a 589.29% increase in short interest, now at 3.86% of its float. This is higher than the peer group average of 3.60%, indicating increased bearish sentiment.
The significant increase in short interest suggests that investors are becoming more bearish on TIRX. This could lead to downward pressure on the stock price in the short term as more traders bet against the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100