How Is The Market Feeling About Texas Instruments?
Portfolio Pulse from Benzinga Insights
Texas Instruments (NYSE:TXN) has seen a rise in its short percent of float by 3.24%, with 20.32 million shares sold short, representing 2.23% of its float. This increase in short interest suggests a more bearish sentiment among investors, although TXN's short interest is still below the peer group average of 5.51%.
September 11, 2024 | 1:15 pm
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Texas Instruments has experienced a 3.24% increase in short interest, indicating a more bearish sentiment. However, its short interest remains below the peer average, suggesting less bearishness compared to peers.
The increase in short interest suggests a bearish sentiment among investors, which could lead to downward pressure on TXN's stock price. However, since TXN's short interest is below the peer average, the bearish sentiment is not as strong as it could be.
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