Looking Into Lumentum Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Lumentum Holdings (NYSE:LITE) has seen a decrease in short interest, now at 9.54 million shares or 18.06% of float, taking 12.52 days to cover. This decline in short interest could indicate a more bullish sentiment towards LITE, contrasting with its peers' average short interest of 8.23%.

May 14, 2024 | 8:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The decrease in short interest for Lumentum Holdings suggests a potential bullish sentiment among investors, contrasting with a higher short interest compared to its peers.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock. For LITE, this reduction suggests that the market sentiment might be shifting positively, especially when considering its higher short interest relative to peers. This could lead to a short-term price increase as investors interpret the decrease in short interest as a sign of improving fundamentals or market perception.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90