(LRCX) - Analyzing Lam Research's Short Interest
Portfolio Pulse from Benzinga Insights
Lam Research's (NYSE:LRCX) short percent of float has fallen 5.69% since its last report, with 2.63 million shares sold short, which is 1.99% of all regular shares available for trading. It would take traders 2.39 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 5.69%.
October 03, 2023 | 2:45 pm
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Lam Research's short interest has decreased, indicating a potentially more bullish market sentiment towards the company. However, this does not necessarily mean the stock will rise in the near term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock. However, this does not guarantee a rise in the stock's price, as other market factors also play a role.
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