Looking Into Lennar's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Lennar's (NYSE:LEN) short percent of float has risen 10.32% since its last report, with 5.36 million shares sold short, which is 2.78% of all regular shares available for trading. It would take traders 3.25 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Lennar's peer group average for short interest as a percentage of float is 6.27%, which means the company has less short interest than most of its peers.
September 12, 2023 | 4:15 pm
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Lennar's short percent of float has increased, indicating a potentially bearish sentiment among investors. However, compared to its peers, Lennar has less short interest.
The increase in short percent of float indicates that more investors are betting against Lennar, which could put downward pressure on the stock price in the short term. However, the fact that Lennar has less short interest than most of its peers could mitigate this effect to some extent.
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RELEVANCE 100