Peering Into Leidos Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Leidos Holdings (NYSE:LDOS) has seen a decrease in short interest, now at 0.95% of float, lower than its peer group average of 3.34%. This reduction from 965 thousand shares suggests a more bullish market sentiment towards LDOS, with a short covering time of 1.16 days.

April 02, 2024 | 2:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Leidos Holdings's short interest has decreased, indicating a potentially more bullish sentiment towards the stock in the short term.
The decrease in short interest for Leidos Holdings suggests that fewer traders are betting against the stock, which can be interpreted as a positive sentiment shift. Given that LDOS's short interest is significantly lower than its peer group average, this could indicate stronger confidence in the company's performance relative to its peers. However, the article also cautions that a decrease in short interest does not guarantee a stock price increase, hence the importance score is not at the maximum.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90