How Is The Market Feeling About Tencent Music Enter Gr?
Portfolio Pulse from Benzinga Insights
Tencent Music Enter Gr (NYSE:TME) has seen a 9.14% decrease in its short percent of float, now at 1.69%. This indicates a more bullish sentiment compared to its peers, which have an average short interest of 8.10%.
September 25, 2024 | 4:30 pm
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Tencent Music Enter Gr's short interest has decreased by 9.14%, now at 1.69% of float, suggesting a more bullish market sentiment. This is lower than the peer average of 8.10%.
The decrease in short interest suggests that investors are less bearish on TME, which could lead to a positive short-term price movement. The short interest is significantly lower than its peers, indicating a relatively stronger market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100