(LRCX) - Analyzing Lam Research's Short Interest
Portfolio Pulse from Benzinga Insights
Lam Research's (NASDAQ:LRCX) short percent of float has risen 15.02% since its last report, with 3.28 million shares sold short, which is 2.45% of all regular shares available for trading. It would take traders 2.4 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Lam Research's peer group average for short interest as a percentage of float is 6.77%, which means the company has less short interest than most of its peers.
June 30, 2023 | 1:15 pm
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Lam Research's short interest has increased, indicating a bearish sentiment among investors. However, compared to its peers, the company has less short interest.
The increase in short interest indicates that more investors are betting against Lam Research, which could put downward pressure on the stock price. However, the fact that the company has less short interest than its peers could mean that it is viewed more favorably in comparison, potentially mitigating some of this downward pressure.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100