(LMT) - Analyzing Lockheed Martin's Short Interest
Portfolio Pulse from Benzinga Insights
Lockheed Martin's (NYSE:LMT) short percent of float has risen 77.78% since its last report, with 2.39 million shares sold short, which is 1.12% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Lockheed Martin's short interest as a percentage of float is less, with an average of 2.72%.
September 27, 2023 | 2:01 pm
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Lockheed Martin's short interest has increased significantly, indicating a bearish sentiment. However, its short interest is less than its peers' average.
The increase in short interest indicates that traders are expecting the price of Lockheed Martin's stock to fall. This bearish sentiment could put downward pressure on the stock price in the short term. However, the fact that Lockheed's short interest is less than its peers' average might mitigate this effect to some extent.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100