How Is The Market Feeling About Lululemon Athletica?
Portfolio Pulse from Benzinga Insights
Lululemon Athletica (NYSE:LULU) has seen a decrease in short interest, with the short percent of float dropping 6.84% since the last report. The company has 4.46 million shares sold short, representing 4.36% of available shares. The average time to cover these short positions is 1.65 days. Short interest is a market sentiment indicator, and a decrease suggests investors may be more bullish on LULU. Compared to its peers, LULU has a lower short interest percentage of float, with the peer group average at 7.98%.
January 02, 2024 | 1:15 pm
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Lululemon Athletica's short interest has decreased, indicating a potential increase in bullish sentiment among investors. With a lower short interest compared to its peers, LULU may experience positive short-term price movement.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to an increase in its price. Since LULU's short interest is lower than its peer group average, this could be interpreted as a positive sign by the market, potentially leading to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100