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 risen 19.23% since its last report, with 9.00 million shares sold short, which is 1.55% of all regular shares available for trading. It would take traders 4.02 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Lowe's Companies's peer group average for short interest as a percentage of float is 15.50%, which means the company has less short interest than most of its peers.
September 04, 2023 | 2:00 pm
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Lowe's Companies's short percent of float has risen 19.23%, indicating a potential bearish sentiment among investors. However, the company has less short interest than most of its peers.
An increase in short interest can indicate that investors are expecting the stock's price to fall, which is typically a bearish signal. However, Lowe's has less short interest than most of its peers, which could potentially mitigate some of the bearish sentiment.
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