How Is The Market Feeling About Tetra Tech?
Portfolio Pulse from Benzinga Insights
Tetra Tech's short interest has increased significantly, with 3.44 million shares sold short, representing 1.63% of its float. This rise in short interest suggests a bearish sentiment, although it remains below the peer group average of 3.37%.
October 01, 2024 | 1:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Tetra Tech's short interest has risen 425.81%, now at 1.63% of its float. This indicates a bearish sentiment, but it's still below the peer average of 3.37%.
The significant increase in short interest suggests that investors are becoming more bearish on Tetra Tech. However, since the short interest is still below the peer average, the impact might be less severe. The market sentiment is crucial to watch as it can influence stock price movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100