Peering Into LKQ's Recent Short Interest
Portfolio Pulse from Benzinga Insights
LKQ Corporation (NYSE:LKQ) has seen a 33.16% increase in its short percent of float, now at 2.49% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, compared to its peers, LKQ's short interest is still lower than the average of 4.04%.
May 28, 2024 | 3:45 pm
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LKQ Corporation has experienced a significant increase in short interest, rising by 33.16% to 2.49% of its float. This suggests a growing bearish sentiment among investors. However, its short interest remains below the peer group average of 4.04%.
The significant increase in short interest indicates that more investors are betting against LKQ, which could put downward pressure on the stock price in the short term. However, the fact that its short interest is still below the peer average may mitigate some of this negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100