Peering Into Leggett & Platt's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Leggett & Platt's (NYSE:LEG) short interest has decreased by 12.33% since the last report, with 8.30 million shares sold short, representing 7.25% of its float. This decrease in short interest could indicate a more bullish sentiment towards LEG among investors. The current short interest is higher than the peer group average of 6.62%, suggesting that LEG has more short interest compared to its peers.
May 06, 2024 | 2:45 pm
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Leggett & Platt's short interest has decreased, indicating a potential increase in bullish sentiment towards the stock.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For Leggett & Platt, this reduction in short interest could lead to a short-term positive impact on its stock price as it indicates a shift towards a more bullish sentiment among traders and investors.
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