Looking Into Lloyds Banking Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Lloyds Banking Group's (NYSE:LYG) short percent of float has risen 40.0% since its last report, with 11.82 million shares sold short. This is 0.07% of all regular shares available for trading. Short interest can act as an indicator of market sentiment towards a stock. An increase in short interest can signal that investors have become more bearish. However, Lloyds Banking Group's peer group average for short interest as a percentage of float is 1.02%, which means the company has less short interest than most of its peers.
July 10, 2023 | 8:45 pm
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Lloyds Banking Group's short percent of float has risen 40.0% since its last report. This could indicate a bearish sentiment, but the company has less short interest than most of its peers.
The increase in short interest could indicate a bearish sentiment towards Lloyds Banking Group. However, the company's short interest is less than most of its peers, which could mitigate the potential negative impact. The short term impact is likely to be negative, but the extent of the impact is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100