How Is The Market Feeling About Lululemon Athletica?
Portfolio Pulse from Benzinga Insights
Lululemon Athletica's (NYSE:LULU) short percent of float has fallen 7.64% since its last report, with 2.63 million shares sold short, which is 2.54% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Lululemon's short interest is less than the average of its peer group, which stands at 7.40%.
July 13, 2023 | 8:30 pm
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The decrease in short interest for Lululemon Athletica could indicate a more bullish sentiment towards the stock, potentially impacting its price positively in the short term.
Short interest is a measure of market sentiment. A decrease in short interest often indicates a more bullish sentiment as fewer investors are betting on the stock's price to fall. This could lead to increased buying pressure and potentially a rise in Lululemon Athletica's stock price in the short term.
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IMPORTANCE 75
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