Peering Into Lam Research's Recent 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 6.33%.
October 19, 2023 | 4:30 pm
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Decrease in short interest in Lam Research indicates a more bullish sentiment among investors.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish on the stock, potentially leading to an increase in its price.
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