Peering Into Teleflex's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Teleflex (NYSE:TFX) has seen a 46.73% increase in its short percent of float, now at 2.92%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 4.72%. It would take traders 1.72 days to cover their short positions.
June 04, 2024 | 6:00 pm
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Teleflex has experienced a significant increase in short interest, rising by 46.73% to 2.92% of its float. This suggests a growing bearish sentiment among investors, although the short interest is still below the peer group average of 4.72%.
The significant increase in short interest indicates that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100