How Is The Market Feeling About Light & Wonder?
Portfolio Pulse from Benzinga Insights
Light & Wonder (NYSE:LNW) has seen a decrease in short interest, now at 4.37 million shares or 7.25% of its float, down 5.35% from the last report. It would take about 7.55 days to cover all short positions. This change in short interest could indicate a shift in market sentiment towards LNW, potentially signaling a more bullish outlook. Compared to its peers, LNW has a higher short interest percentage of float, with the average for its peer group at 4.63%.
April 16, 2024 | 8:45 pm
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Light & Wonder's short interest has decreased, suggesting a potential shift in market sentiment towards the stock. With a higher short interest compared to its peers, this could indicate a unique position for LNW in the market.
A decrease in short interest typically suggests that investors are becoming more bullish on a stock, expecting its price to increase. Given that LNW's short interest is higher than its peers but is decreasing, it may indicate a stronger bullish sentiment specifically towards LNW, potentially leading to a short-term price increase.
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