How Is The Market Feeling About Lockheed Martin?
Portfolio Pulse from Benzinga Insights
The short percent of float for Lockheed Martin (NYSE:LMT) has decreased by 12.35% since its last report, with 1.53 million shares sold short. This represents 0.71% of all regular shares available for trading. The company's short interest is lower than the average of its peer group, which stands at 2.97%.
August 15, 2023 | 4:45 pm
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Lockheed Martin's short interest has decreased, indicating a potentially more bullish market sentiment towards the company's stock.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock, as it indicates fewer investors are betting on the stock's price to fall. In the case of Lockheed Martin, the decrease in short interest could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 85
IMPORTANCE 75
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