(LVS) - Analyzing Las Vegas Sands's Short Interest
Portfolio Pulse from Benzinga Insights
Las Vegas Sands (NYSE:LVS) has seen a 20.26% increase in short interest since its last report, with 13.22 million shares sold short, representing 3.68% of its float. It would take about 1.61 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 3.98%.
December 21, 2023 | 4:30 pm
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NEUTRAL IMPACT
Las Vegas Sands's short interest has increased, which may indicate bearish market sentiment but also presents a potential for a short squeeze if the stock price were to rise unexpectedly.
The increase in short interest suggests that investors are more bearish on LVS. However, since the company has less short interest than its peers and short interest can sometimes be a contrarian indicator, the impact on the stock price is uncertain. A short squeeze could occur if positive news or unexpected events cause the stock price to increase, forcing short sellers to cover their positions.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100