Looking Into Tyson Foods's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Tyson Foods (NYSE:TSN) has seen a 44.97% increase in short interest, with 6.10 million shares sold short, representing 2.45% of its float. This is below the peer group average of 4.50%. The rise in short interest could indicate bearish sentiment, but it doesn't guarantee a price drop.
September 17, 2024 | 6:45 pm
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Tyson Foods has experienced a significant increase in short interest, rising by 44.97% to 2.45% of its float. This suggests a potential bearish sentiment among investors, although it remains below the peer average of 4.50%.
The increase in short interest suggests that investors are becoming more bearish on Tyson Foods, which could lead to downward pressure on the stock price. However, the short interest is still below the peer average, which may mitigate the impact.
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