Peering Into Lincoln Electric Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Lincoln Electric Holdings (NYSE:LECO) has seen a 12.1% increase in its short percent of float, now at 1.76%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 3.23%. It would take traders 3.41 days to cover their short positions.
June 05, 2024 | 6:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Lincoln Electric Holdings has experienced a 12.1% increase in short interest, now at 1.76% of its float. This suggests a rise in bearish sentiment, although it remains below the peer group average of 3.23%.
The increase in short interest indicates a rise in bearish sentiment towards Lincoln Electric Holdings. While this does not guarantee a price drop, it suggests that more traders are betting against the stock. However, the short interest is still below the peer group average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100