Looking Into Estee Lauder Cos's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Estee Lauder Cos's (NYSE:EL) short percent of float has fallen 9.93% since its last report, with 3.15 million shares sold short, which is 1.36% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Estee Lauder has less short interest as a percentage of float, with an average of 6.94%.
October 04, 2023 | 4:45 pm
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Estee Lauder's short interest has decreased, potentially indicating a more bullish sentiment towards the stock. The company has less short interest compared to its peers.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price in the short term. Additionally, having less short interest compared to peers could make Estee Lauder more attractive to investors.
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