Looking Into Lockheed Martin's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Lockheed Martin (NYSE:LMT) has seen a 19.8% increase in short interest since its last report, with 2.54 million shares sold short, representing 1.21% of its float. It would take 1.88 days to cover these short positions based on average trading volume. While an increase in short interest can indicate bearish sentiment, it's not a definitive predictor of a stock's direction. Lockheed Martin's short interest is below its peer group average of 3.05%.
December 29, 2023 | 3:00 pm
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Lockheed Martin's short interest has increased, which may suggest bearish sentiment among investors. However, the level is still below the peer group average, indicating less bearish sentiment compared to peers.
The rise in short interest could be a bearish sign for Lockheed Martin, but since it's below the peer average, the impact may be muted. The short-term price movement will likely depend on broader market trends and company-specific news.
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