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 risen 16.33% since its last report, with 2.64 million shares sold short. This indicates that traders are expecting the stock price to fall. However, compared to its peers, Estee Lauder has less short interest as a percentage of float, which is 6.25% on average.
July 24, 2023 | 2:45 pm
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Increased short interest in Estee Lauder suggests bearish market sentiment. However, its short interest is less than its peers' average, which could indicate relative strength.
The rise in short interest indicates that more traders are betting on the stock price to fall, which is a bearish signal. However, the fact that Estee Lauder's short interest is less than its peers' average could suggest that it is viewed as stronger relative to its peers.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100