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 3.97% since its last report, indicating a more bullish market sentiment towards the company. The company has 3.36 million shares sold short, which is 1.45% of all regular shares available for trading. Compared to its peers, Estee Lauder has less short interest, with the peer group average at 7.78%.
November 09, 2023 | 6:15 pm
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The decrease in short interest in Estee Lauder Cos indicates a more bullish sentiment towards the company. This could potentially lead to an increase in the company's stock price in the short term.
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, potentially leading to an increase in the stock price.
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