(LULU) - Analyzing Lululemon Athletica's Short Interest
Portfolio Pulse from Benzinga Insights
Lululemon Athletica's (NYSE:LULU) short percent of float has risen 10.83% since its last report, with 2.73 million shares sold short, which is 2.66% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, Lululemon's short interest as a percentage of float is 7.16%, which is less than most of its peers.
November 09, 2023 | 6:15 pm
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NEGATIVE IMPACT
Lululemon Athletica's short interest has increased, indicating a bearish sentiment among investors. However, its short interest is less than most of its peers.
The increase in short interest indicates that more investors are betting against Lululemon Athletica, which could put downward pressure on the stock price in the short term. However, the fact that its short interest is less than most of its peers could mitigate this effect.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100