(LUMN) - Analyzing Lumen Technologies's Short Interest
Portfolio Pulse from Benzinga Insights
Lumen Technologies (NYSE:LUMN) has seen a 16.76% increase in its short percent of float since the last report, with 143.98 million shares sold short, representing 19.65% of available shares. This indicates a bearish market sentiment, although it doesn't necessarily predict a price drop. Lumen's short interest is significantly higher than its peer group average of 5.55%.
April 25, 2024 | 4:15 pm
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Lumen Technologies has experienced a significant increase in short interest, indicating a bearish sentiment among investors. However, this does not necessarily predict a near-term price drop.
The increase in short interest suggests that investors are betting against Lumen Technologies, which could lead to increased selling pressure. However, high short interest can also lead to a short squeeze if the stock price starts to rise, potentially causing rapid price increases.
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