Peering Into Lamb Weston Hldgs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Lamb Weston Holdings (NYSE:LW) has seen a 20.66% decrease in short interest, now at 3.95 million shares or 3.11% of float. This indicates a bullish sentiment as it takes 2.62 days on average for traders to cover short positions. Compared to its peers, LW has a lower short interest percentage, suggesting it's performing well within its industry.
February 19, 2024 | 7:15 pm
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Lamb Weston Holdings' significant decrease in short interest suggests a bullish market sentiment, potentially leading to a positive short-term price movement.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock. For Lamb Weston Holdings, the 20.66% reduction in short interest suggests that market sentiment is improving. Given that short interest is a contrarian indicator, this reduction could lead to a positive short-term price movement, especially since LW has less short interest compared to its peers, indicating stronger performance within its industry.
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