How Is The Market Feeling About Lennox Intl?
Portfolio Pulse from Benzinga Insights
Lennox Intl (NYSE:LII) has seen a 27.37% increase in its short percent of float since the last report, with 840 thousand shares sold short, representing 2.42% of available shares. This indicates a bearish market sentiment towards LII, although it has less short interest compared to its peers' average of 3.67%. The rise in short interest doesn't necessarily predict a near-term price fall but suggests increased bearishness among traders.
March 25, 2024 | 8:15 pm
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Lennox Intl has experienced a significant increase in short interest, indicating a bearish sentiment among investors, though it remains below the peer average.
The increase in short interest for Lennox Intl suggests that investors are becoming more bearish on the stock. This could lead to increased selling pressure in the short term, potentially causing the stock price to drop. However, since the short interest is still below the peer average, it indicates that the bearish sentiment is not as strong compared to its peers, which might limit the downside.
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