Peering Into Lam Research's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Lam Research's (NYSE:LRCX) short percent of float has fallen 10.17% since its last report, with 2.80 million shares sold short, which is 2.12% of all regular shares available for trading. It would take traders 2.79 days to cover their short positions on average. Compared to its peers, Lam Research has less short interest as a percentage of float, with an average of 6.29%.
August 25, 2023 | 3:15 pm
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Lam Research's short interest has decreased, indicating a potentially more bullish sentiment towards the 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 on the stock. As such, the decrease in short interest for Lam Research could potentially lead to an increase in its stock price in the short term.
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