How Is The Market Feeling About Lam Research?
Portfolio Pulse from Benzinga Insights
Lam Research (NYSE:LRCX) has seen a 3.69% rise in short interest since its last report, with 2.96 million shares sold short, representing 2.25% of its float. It would take about 3.88 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, Lam Research has less short interest compared to its peer group average of 6.63%. This data does not necessarily predict a near-term price drop, but indicates increased shorting activity.
January 12, 2024 | 7:30 pm
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Lam Research has experienced an increase in short interest, which could suggest bearish sentiment among investors. However, its short interest is still below the peer group average, which may mitigate negative perceptions.
The rise in short interest for LRCX indicates that some investors are expecting the stock price to decline. However, since the short interest is lower than the peer average, it does not strongly suggest a widespread negative outlook. The impact on the stock price is uncertain, as short interest is just one of many factors that can influence stock prices in the short term.
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