Looking Into Lennar's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Lennar's (NYSE:LEN) short percent of float has fallen 6.8% since its last report, with 5.29 million shares sold short, which is 2.74% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Lennar. Compared to its peers, Lennar has less short interest as a percentage of float, with an average of 6.61%.
October 18, 2023 | 1:00 pm
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Decrease in short interest could indicate a more bullish sentiment towards Lennar's stock. The company's short interest is lower than its peer average.
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, combined with the fact that Lennar's short interest is lower than its peer average, could potentially lead to an increase in the stock's price in the short term.
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