Looking Into Terex's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Terex (NYSE:TEX) has seen a 16.79% increase in its short percent of float, now at 8.07%. This is higher than its peers' average of 5.22%. It would take traders 7.21 days to cover their short positions. Increased short interest can indicate bearish sentiment but can also be bullish if the stock price rises.
June 26, 2024 | 2:15 pm
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Terex's short interest has increased by 16.79%, now at 8.07% of float, higher than its peers' average of 5.22%. This could indicate bearish sentiment but also potential for a short squeeze.
The increase in short interest suggests that more investors are betting against Terex, which could indicate bearish sentiment. However, if the stock price rises, it could lead to a short squeeze, driving the price up further.
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