Looking Into Lennox Intl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Lennox Intl's (NYSE:LII) short interest has decreased by 21.76% since the last report, with 524 thousand shares currently sold short, representing 1.51% of its float. It would take about 2.51 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards LII among investors. Compared to its peers, LII has a lower short interest percentage of float, with the average being 3.53%.
February 06, 2024 | 2:15 pm
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Lennox Intl's short interest has significantly decreased, indicating a potential increase in bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For Lennox Intl, this significant drop in short interest could reduce selling pressure and potentially lead to a price increase in the short term, especially since it's lower than its peer group average.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100