How Is The Market Feeling About Estee Lauder Cos?
Portfolio Pulse from Benzinga Insights
Estee Lauder Cos's (NYSE:EL) short percent of float has fallen 31.94% since its last report, indicating a more bullish sentiment towards the stock. The company has 2.26 million shares sold short, which is 0.98% of all regular shares available for trading. Compared to its peers, Estee Lauder has less short interest, with the peer group average at 6.28%.
July 07, 2023 | 3:01 pm
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Decrease in short interest indicates a more bullish sentiment towards Estee Lauder, which could potentially lead to a rise in its stock price.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest indicates that fewer traders are betting on the stock's price to fall, which can be a bullish signal. Given that Estee Lauder's short interest is lower than its peers, it suggests that the market sentiment towards the company is more positive, which could potentially lead to a rise in its stock price.
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IMPORTANCE 75
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