(LULU) - Analyzing Lululemon Athletica's Short Interest
Portfolio Pulse from Benzinga Insights
Lululemon Athletica's (NYSE:LULU) short percent of float has fallen 5.12% since its last report, with 2.48 million shares sold short, which is 2.41% of all regular shares available for trading. It would take traders 2.88 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 7.15%.
August 04, 2023 | 2:23 pm
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POSITIVE IMPACT
Lululemon Athletica's short interest has decreased, indicating a potentially more bullish market sentiment towards the company's stock.
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, meaning they expect the stock price to rise. As Lululemon Athletica's short interest has decreased, this could potentially indicate a more bullish market sentiment towards the company's stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100