How Is The Market Feeling About Taiwan Semiconductor?
Portfolio Pulse from Benzinga Insights
Taiwan Semiconductor's short interest has decreased by 16.67%, with 26 million shares sold short, representing 0.5% of its float. This is lower than its peers' average short interest of 4.58%. A decrease in short interest can indicate a more bullish sentiment.
October 09, 2024 | 7:45 pm
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Taiwan Semiconductor's short interest has decreased by 16.67%, indicating a potential shift towards a more bullish market sentiment. With only 0.5% of its float shorted, compared to a peer average of 4.58%, TSM may experience less downward pressure from short sellers.
The decrease in short interest suggests that investors are less bearish on TSM, which could lead to a positive impact on its stock price. The lower short interest compared to peers further supports a potential bullish sentiment.
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