(TMDX) - Analyzing TransMedics Gr's Short Interest
Portfolio Pulse from Benzinga Insights
TransMedics Group (NYSE:TMDX) has seen a 3.54% decrease in its short percent of float, now at 21.01%. This is significantly higher than its peers' average of 3.67%. It would take traders 9.49 days to cover their short positions.
September 06, 2024 | 5:00 pm
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NEUTRAL IMPACT
TransMedics Group's short interest has decreased by 3.54%, now at 21.01% of float, which is much higher than its peers' average of 3.67%. This could indicate a shift in market sentiment, but the stock remains heavily shorted.
The decrease in short interest suggests a potential shift in market sentiment towards a more bullish outlook. However, the high level of short interest compared to peers indicates that the stock is still viewed with caution by many investors. The time to cover short positions is relatively long at 9.49 days, which could lead to volatility if sentiment shifts further.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100