How Is The Market Feeling About Lennar?
Portfolio Pulse from Benzinga Insights
Lennar Corporation (NYSE:LEN) has seen a decrease in short interest, with the short percent of float dropping 8.42% since the last report. The company has 4.98 million shares sold short, representing 2.61% of available shares for trading. The current short interest suggests it would take about 3.65 days for traders to cover their positions. A decrease in short interest can indicate a more bullish sentiment towards the stock. Lennar's short interest is below its peer group average of 6.11%.
December 21, 2023 | 7:15 pm
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Lennar Corporation's short interest has decreased, which may suggest a more bullish sentiment among investors and could lead to less selling pressure on the stock in the short term.
The decrease in short interest for Lennar Corporation indicates that investors may be less bearish on the stock, which could reduce the likelihood of a price decline. Since the short interest is also lower than the peer average, this suggests that the stock may be performing relatively well compared to its peers, potentially leading to positive investor sentiment and upward movement in the stock price in the short term.
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