Looking Into Light & Wonder's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Light & Wonder's (NYSE:LNW) short interest has decreased by 5.96% since the last report, with 3.05 million shares sold short, representing 5.05% of its float. The current short interest is higher than its peer group average of 3.67%. This change in short interest could indicate a shift in market sentiment towards the stock.
February 26, 2024 | 2:45 pm
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Light & Wonder's short interest has decreased, indicating a potential shift in market sentiment towards a more bullish outlook.
A decrease in short interest typically suggests that investors are becoming less bearish on a stock, potentially leading to an increase in its price in the short term. Given that Light & Wonder's short interest is still above its peer group average, this indicates a mixed sentiment but with a recent trend towards optimism.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90