How Is The Market Feeling About TransMedics Gr?
Portfolio Pulse from Benzinga Insights
TransMedics Gr (NYSE:TMDX) has seen a 9.45% increase in its short percent of float, now at 22.0%. This indicates a bearish sentiment compared to its peers, whose average short interest is 8.53%. It would take 3.57 days to cover these short positions.
October 18, 2024 | 1:45 pm
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TransMedics Gr's short interest has increased to 22% of its float, significantly higher than its peers' average of 8.53%. This suggests a bearish market sentiment towards the stock.
The increase in short interest to 22% of float suggests that investors are bearish on TransMedics Gr, as it is significantly higher than the peer average of 8.53%. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100