Peering Into Lululemon Athletica's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Lululemon Athletica's (NYSE:LULU) short interest has decreased by 16.43% since the last report, with 4.79 million shares sold short, representing 4.68% of available shares. It would take about 3.94 days to cover all short positions. A decrease in short interest suggests that investors may be becoming more bullish on the stock. Lululemon has a lower short interest compared to its peer group average of 7.78%.
December 14, 2023 | 5:00 pm
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Lululemon Athletica's short interest has decreased, suggesting a more bullish sentiment among investors and potentially less downward pressure on the stock price in the short term.
The decrease in short interest for Lululemon Athletica indicates that investors may be less bearish on the stock, which could reduce the likelihood of downward pressure from short selling. However, short interest is just one of many factors that can affect stock prices, and the article does not guarantee a price rise.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100