Looking Into Tilray Brands's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Tilray Brands (NYSE:TLRY) has seen a 3.66% increase in its short percent of float, now at 14.46%. This indicates a rise in bearish sentiment, although it is still below the peer group average of 16.29%. It would take traders 5.24 days to cover their short positions.
June 12, 2024 | 4:15 pm
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Tilray Brands has experienced a 3.66% increase in short interest, now at 14.46% of its float. This suggests a rise in bearish sentiment, although it remains below the peer group average of 16.29%.
The increase in short interest indicates that more investors are betting against Tilray Brands, 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