Looking Into Tilray Brands's Recent Short Interest

Looking Into Tilray Brands's Recent Short Interest

Benzinga ·  06/13 00:15

Tilray Brands's (NYSE:TLRY) short percent of float has risen 3.66% since its last report. The company recently reported that it has 118.94 million shares sold short, which is 14.46% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.24 days to cover their short positions on average.


Why Short Interest Matters


Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.


Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.


List of the most shorted stocks


Tilray Brands Short Interest Graph (3 Months)



As you can see from the chart above the percentage of shares that are sold short for Tilray Brands has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.


Comparing Tilray Brands's Short Interest Against Its Peers


Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.


According to Benzinga Pro, Tilray Brands's peer group average for short interest as a percentage of float is 16.29%, which means the company has less short interest than most of its peers.

根據Benzinga Pro的數據,Tilray品牌同行業空頭持倉與流通股比例的平均水平爲16.29%,這意味着該公司的空頭持倉比大多數同行要少。

Did you know that increasing short interest can actually be bullish for a stock? This post by Benzinga Money explains how you can profit from it.

您是否知道,空頭持倉增加實際上對股票有利?這篇文章由Benzinga Money撰寫,解釋瞭如何從中獲利。

This article was generated by Benzinga's automated content engine and was reviewed by an editor.