(TJX) - Analyzing TJX Companies's Short Interest
Portfolio Pulse from Benzinga Insights
TJX Companies (NYSE:TJX) has seen a 23.42% increase in short interest, with 15.52 million shares sold short, representing 1.37% of its float. This is lower than the peer group average of 17.42%. Short interest can indicate market sentiment, with higher short interest often signaling bearish views.
June 26, 2024 | 2:15 pm
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NEGATIVE IMPACT
TJX Companies has experienced a 23.42% increase in short interest, now at 15.52 million shares or 1.37% of its float. This is lower than the peer group average of 17.42%. The rise in short interest could indicate bearish sentiment among investors.
The significant increase in short interest suggests that more investors are betting against TJX Companies, which could indicate bearish sentiment. However, the short interest is still lower than the peer average, which might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100