Looking Into Lululemon Athletica's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Lululemon Athletica (NYSE:LULU) has seen a 15.83% decrease in short interest since its last report, with 3.76 million shares sold short, representing 3.67% of its float. The average time to cover these short positions is 3.87 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Lululemon's short interest is below its peer group average of 7.94%.
January 23, 2024 | 2:00 pm
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Lululemon Athletica's short interest has decreased, which may indicate a bullish sentiment among investors and could potentially lead to a short-term increase in stock price.
A decrease in short interest typically suggests that investors are less bearish on a stock, which can lead to an increase in its price as short sellers cover their positions. However, short interest is just one of many factors that can affect stock prices, and there is no guarantee that the price will rise.
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IMPORTANCE 75
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