Looking Into Target's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Target's short interest has increased by 8.04%, with 15.44 million shares sold short, representing 3.36% of its float. This is below the peer group average of 3.70%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
October 17, 2024 | 4:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Target's short interest has increased by 8.04%, with 15.44 million shares sold short, representing 3.36% of its float. This is below the peer group average of 3.70%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest indicates a bearish sentiment among investors, which could lead to downward pressure on Target's stock price. However, since the short interest is still below the peer average, the impact might be limited.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100