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 3.23% since its last report, with 9.23 million shares sold short, which is 1.6% of all regular shares available for trading. It would take traders 3.91 days to cover their short positions on average. The company's short interest is less than its peer group average of 19.89%.
September 20, 2023 | 5:00 pm
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The rise in short interest in Lowe's Companies could indicate a bearish sentiment among investors. However, its short interest is less than its peer group average, which could be a positive sign.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish. However, Lowe's Companies's short interest is less than its peer group average, which could indicate that the market sentiment towards the company is not as bearish as it is towards its peers.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100