Peering Into TJX Companies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
TJX Companies (NYSE:TJX) has seen a 33.73% increase in its short percent of float, now at 1.11% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, TJX's short interest is still lower than its peer group average of 17.99%.
June 06, 2024 | 1:45 pm
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TJX Companies has experienced a 33.73% increase in short interest, now at 1.11% of its float. This rise in short interest suggests growing bearish sentiment among investors. However, TJX's short interest remains lower than the peer group average of 17.99%.
The significant increase in short interest indicates that more investors are betting against TJX, which could lead to downward pressure on the stock price in the short term. However, the short interest is still relatively low compared to its peers, which might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100