How Is The Market Feeling About Lloyds Banking Group?
Portfolio Pulse from Benzinga Insights
Lloyds Banking Group (NYSE:LYG) has seen a 20.0% increase in short percent of float since its last report, with 9.20 million shares sold short, representing 0.06% of available shares. This increase in short interest can indicate a bearish market sentiment towards LYG, although it has less short interest compared to its peers, with an average of 0.84% in the peer group.
March 27, 2024 | 3:45 pm
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Lloyds Banking Group's short interest has increased by 20%, indicating a potential bearish sentiment among investors.
The increase in short interest suggests that investors are becoming more bearish on LYG, potentially leading to downward pressure on the stock price in the short term. However, its short interest is still below the peer group average, which might mitigate some negative impact.
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