How Is The Market Feeling About Lululemon Athletica?
Portfolio Pulse from Benzinga Insights
Lululemon Athletica's (NYSE:LULU) short percent of float has fallen 8.37% since its last report, with 2.24 million shares sold short, which is 2.19% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards LULU. Compared to its peers, LULU has less short interest as a percentage of float, with an average of 6.94% for its peer group.
September 25, 2023 | 4:00 pm
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Decrease in short interest could indicate a more bullish sentiment towards LULU. The company's short interest is lower than its peer group average.
Short interest is a measure of market sentiment. A decrease in short interest often indicates a more bullish sentiment as fewer investors are betting on the stock's price to fall. LULU's lower short interest compared to its peers could be a positive sign for the stock.
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