High Bearish Conviction in TE
TE is currently experiencing intense short-selling pressure, with short interest reaching 37.7% of the float. This level of short interest is among the highest in the market, signaling a strong conviction among bearish traders. The borrow fee is currently 2.1%, which is moderate but reflects the difficulty in finding shares as utilization increases.
Squeeze Risk Assessment
With a Squeeze Score of 89 and a days-to-cover ratio of 3.4, TE is a prime candidate for a short squeeze. The high short interest relative to the float means that any positive news or momentum could force a rapid covering of positions, leading to significant upward price movement.
Key Takeaways
- Short interest is at a substantial 37.7% of float.
- Squeeze Score of 89 indicates high risk for short sellers.
- Borrow fee is 2.1%.
- Days-to-cover ratio of 3.4 suggests a moderate time to unwind positions.
The Bottom Line
TE is a heavily shorted stock with high squeeze potential. The high short interest makes it a volatile name that requires close monitoring for any signs of a short-covering rally.
Signal data sourced from Tapeboard. This post is an original analysis prepared by The Forensic Ledger from publicly available data. Not investment advice.
Not investment advice. This is original reporting and analysis prepared by The Forensic Ledger from publicly available data. Nothing here is a recommendation to buy, sell, or hold any security. Always consult the original source and a licensed professional. See our full disclaimer and source-citation policy.