Looking Into Lamar Advertising's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Lamar Advertising (NYSE:LAMR) has seen a decrease in short interest, with the current short percent of float at 2.32%, down 6.07% from the last report. The company has 1.72 million shares sold short, requiring an average of 5.15 days for traders to cover their short positions. This decline in short interest suggests a more bullish sentiment among investors towards LAMR, contrasting with the peer group average short interest of 5.24%.
February 13, 2024 | 7:00 pm
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Lamar Advertising's short interest has decreased, indicating a potential increase in bullish sentiment among investors. The short interest now stands at 2.32%, with 1.72 million shares sold short.
A decrease in short interest typically indicates that investors are becoming more optimistic about a stock's future performance. For LAMR, the reduction in short interest to 2.32% from its previous level suggests that investors may be expecting the stock to perform better in the short term. This is further supported by the fact that LAMR's short interest is below the peer group average, indicating a relatively stronger bullish sentiment towards the company.
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