How Is The Market Feeling About Estee Lauder Cos?
Portfolio Pulse from Benzinga Insights
Estee Lauder Cos's (NYSE:EL) short percent of float has fallen 9.93% since its last report, indicating a more bullish sentiment towards the stock. The company has 3.15 million shares sold short, which is 1.36% of all regular shares available for trading. Compared to its peers, Estee Lauder has less short interest, with the peer group average at 7.41%.
October 20, 2023 | 4:00 pm
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Decrease in short interest suggests a more bullish sentiment towards Estee Lauder. The company's short interest is also lower than its peer group average.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it suggests fewer investors are betting on the stock's price to fall. In the case of Estee Lauder, the decrease in short interest, coupled with the fact that its short interest is lower than its peer group average, suggests a more positive sentiment towards the stock, which could potentially lead to an increase in its price in the short term.
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