Peering Into Estee Lauder Cos's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Estee Lauder Cos's (NYSE:EL) short percent of float has risen 25.64% since its last report, with 3.40 million shares sold short, which is 1.47% of all regular shares available for trading. This increase in short interest can indicate a bearish market sentiment towards the stock. However, compared to its peers, Estee Lauder has less short interest as a percentage of float, with an average of 6.84%.
August 11, 2023 | 5:15 pm
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Estee Lauder's short interest has increased, indicating a bearish sentiment. However, its short interest is less than its peers' average.
The increase in short interest indicates that more investors are betting that Estee Lauder's stock price will fall. This could put downward pressure on the stock price in the short term. However, the fact that its short interest is less than its peers' average could mean that it's less likely to fall than other stocks in its industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100