Looking Into Lowe's Companies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Lowe's Companies's (NYSE:LOW) short percent of float has fallen 20.25% since its last report, with 7.62 million shares sold short, which is 1.3% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Lowe's. Compared to its peers, Lowe's has less short interest as a percentage of float, with an average of 17.17%.
August 17, 2023 | 2:45 pm
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Decrease in short interest in Lowe's Companies could indicate a more bullish market sentiment. The company has less short interest compared to its peers.
Short interest is a measure of market sentiment towards a particular stock. A decrease in short interest can signal a more bullish sentiment, which could potentially lead to an increase in the stock's price. Additionally, having less short interest compared to peers could indicate a more favorable market perception of the company.
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