Looking Into Las Vegas Sands's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Las Vegas Sands (NYSE:LVS) has experienced a 34.4% increase in short interest since its last report, with 12.45 million shares sold short, representing 3.36% of its float. It would take about 2.37 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. LVS has less short interest compared to its peer group average of 4.31%.
November 17, 2023 | 8:00 pm
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Las Vegas Sands's short interest has increased, which may indicate bearish market sentiment but is still below its peer group average.
The increase in short interest suggests that investors may be expecting a price decline in LVS shares. However, since the short interest is below the peer average, it does not necessarily imply a strong bearish outlook. The impact on the stock price in the short term is uncertain, hence a neutral score is given.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80