Peering Into Lamb Weston Hldgs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Lamb Weston Holdings (NYSE:LW) has seen a 7.63% increase in its short percent of float, now at 6.49% with 8.24 million shares sold short. This is higher than its peer group average of 4.34%. It would take traders 6.28 days to cover their short positions based on current trading volume.
July 02, 2024 | 3:15 pm
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Lamb Weston Holdings has experienced a significant increase in short interest, now at 6.49% of its float. This could indicate bearish sentiment among investors, although it doesn't guarantee a near-term price drop.
The increase in short interest suggests that more investors are betting against the stock, which could lead to downward pressure on the stock price. However, it is not a definitive indicator of a price drop.
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