How Is The Market Feeling About Li-Cycle Holdings?
Portfolio Pulse from Benzinga Insights
Li-Cycle Holdings (NYSE:LICY) has seen a 34.88% increase in short interest, with 20.08 million shares sold short, representing 16.9% of its float. This indicates a bearish market sentiment, although it's higher than its peers' average of 2.70% short interest. The coverage time for short positions is approximately 1.23 days.
April 05, 2024 | 3:15 pm
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Li-Cycle Holdings has experienced a significant increase in short interest, indicating a bearish market sentiment towards the stock.
The substantial rise in short interest for Li-Cycle Holdings suggests that investors are increasingly bearish on the stock. This could lead to downward pressure on the stock price in the short term, especially considering the short interest is significantly higher than its peer average.
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