(LDOS) - Analyzing Leidos Holdings's Short Interest
Portfolio Pulse from Benzinga Insights
Leidos Holdings (NYSE:LDOS) has seen a 37.89% increase in short interest since its last report, with 1.33 million shares sold short, representing 1.31% of its float. The current short interest suggests a bearish market sentiment, although it's lower than the peer group average of 3.17%. The article highlights the importance of tracking short interest as an indicator of market sentiment and compares LDOS's short interest against its peers.
April 30, 2024 | 1:45 pm
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Leidos Holdings has experienced a significant increase in short interest, indicating a bearish market sentiment but remains below its peer group average.
The increase in short interest for LDOS suggests that investors are becoming more bearish on the stock. However, being below the peer average indicates that it is not as heavily shorted as others in its sector, which could mean the bearish sentiment is not as strong as it appears. The short-term impact is likely negative due to the increased bearish sentiment, but the lower than average peer comparison could mitigate some of the negative impact.
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