How Is The Market Feeling About Lumen Technologies?
Portfolio Pulse from Benzinga Insights
Lumen Technologies (NYSE:LUMN) has seen a 4.34% increase in its short percent of float, now at 16.83% of all shares available for trading. With 149.19 million shares sold short, it would take about 12.05 days to cover these positions. This rise in short interest indicates a more bearish market sentiment towards LUMN, although it doesn't necessarily predict a near-term price drop. Compared to its peers, LUMN has a significantly higher short interest, suggesting more skepticism among investors about its performance.
April 01, 2024 | 5:30 pm
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Lumen Technologies has experienced a significant increase in short interest, indicating a bearish sentiment among investors. This could lead to increased volatility in the short term.
The increase in short interest for Lumen Technologies suggests that investors are becoming more bearish on the stock. This could lead to increased selling pressure and potentially lower prices in the short term. However, high short interest can also lead to short squeezes if the stock moves positively, causing rapid price increases as short sellers cover their positions.
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