Looking Into Lowe's Companies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Lowe's Companies's (NYSE:LOW) short percent of float has fallen 12.11% since its last report, with 11.46 million shares sold short, which is 1.96% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Lowe's. Compared to its peers, Lowe's has less short interest as a percentage of float, with an average of 19.16%.
July 11, 2023 | 1:01 pm
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The decrease in short interest in Lowe's Companies could indicate a more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish. However, this does not necessarily mean that the stock price will rise in the near term. It's also worth noting that compared to its peers, Lowe's has less short interest.
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