How Is The Market Feeling About Lowe's Companies?
Portfolio Pulse from Benzinga Insights
The short percent of float for Lowe's Companies (NYSE:LOW) has decreased by 7.91% since its last report, with 9.56 million shares sold short, representing 1.63% 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, with the peer group average at 17.09%.
August 04, 2023 | 9:39 am
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Decrease in short interest could indicate a more bullish sentiment towards Lowe's Companies, potentially impacting its stock price positively.
Short interest is a measure of market sentiment towards a particular stock. A decrease in short interest often indicates a more bullish sentiment, which could lead to an increase in the stock price. Compared to its peers, Lowe's has less short interest, which could be seen as a positive sign by investors.
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