Looking Into Teledyne Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Teledyne Technologies (NYSE:TDY) has seen a 4.83% increase in its short percent of float, now at 1.52%. This is lower than its peers' average of 6.89%. The rise in short interest suggests a bearish sentiment, but it's not necessarily indicative of a near-term price drop.
September 17, 2024 | 8:45 pm
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NEUTRAL IMPACT
Teledyne Technologies has experienced a 4.83% increase in short interest, now at 1.52% of float, which is below the peer average of 6.89%. This indicates a bearish sentiment but does not guarantee a price drop.
The increase in short interest suggests a bearish sentiment towards Teledyne Technologies. However, the short interest is still below the peer average, which may mitigate the negative impact. The news does not provide a clear indication of a price drop, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100