How Is The Market Feeling About Light & Wonder?
Portfolio Pulse from Benzinga Insights
Light & Wonder (NYSE:LNW) has seen a decrease in short interest, with 4.44 million shares sold short, representing 6.34% of its float. This is a decline of 12.55% from its last report, indicating a potential shift in market sentiment towards more bullish views. The current short interest suggests it would take about 8.48 days for traders to cover their short positions. Compared to its peers, Light & Wonder has a higher short interest percentage, with the peer group average at 4.53%.
May 08, 2024 | 8:30 pm
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Light & Wonder's decrease in short interest suggests a potential bullish sentiment among investors, which could lead to a short-term positive impact on its stock price.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock, expecting its price to increase. For Light & Wonder, this reduction in short interest could reduce selling pressure and potentially lead to a price increase as the market sentiment shifts positively. Additionally, with a higher short interest than its peers, any further decrease might attract more attention to the stock, potentially driving up its price in the short term.
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