(EL) - Analyzing Estee Lauder Cos's Short Interest
Portfolio Pulse from Benzinga Insights
Estee Lauder Cos's (NYSE:EL) short percent of float has risen 14.39% since its last report, with 3.50 million shares sold short, which is 1.51% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, Estee Lauder's short interest as a percentage of float is less than its peer group average of 6.98%.
September 18, 2023 | 7:45 pm
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Estee Lauder's short percent of float has risen 14.39%, indicating a bearish market sentiment. However, its short interest is less than its peer group average of 6.98%.
The increase in short interest indicates that more investors are betting against Estee Lauder, which could put downward pressure on the stock. However, the company's short interest is still less than its peer group average, suggesting it may not be as heavily shorted as other companies in its industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100