Looking Into Las Vegas Sands's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Las Vegas Sands (NYSE:LVS) has seen a 54.4% increase in short interest, with 11.89 million shares sold short, representing 2.98% of its float. This is lower than the peer group average of 5.15%. The rise in short interest could indicate bearish sentiment, but it doesn't necessarily mean the stock will fall in the near term.
June 19, 2024 | 3:45 pm
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Las Vegas Sands has experienced a significant increase in short interest, rising by 54.4% to 11.89 million shares, or 2.98% of its float. This is below the peer average of 5.15%. The rise in short interest could indicate bearish sentiment among investors.
The significant increase in short interest suggests that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which might mitigate some of the negative impact.
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