(LAZR) - Analyzing Luminar Technologies's Short Interest
Portfolio Pulse from Benzinga Insights
Luminar Technologies (NYSE:LAZR) has seen a 4.67% decrease in its short percent of float, now at 24.49%. This indicates a potential shift in market sentiment. The company's short interest remains higher than its peers, which average 6.55%.
July 23, 2024 | 6:30 pm
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Luminar Technologies has experienced a 4.67% decrease in its short percent of float, now at 24.49%. This suggests a potential shift in market sentiment, although the short interest remains significantly higher than its peers.
The decrease in short interest suggests that bearish sentiment is waning, which could be a positive indicator for the stock price in the short term. However, the high short interest compared to peers indicates that there is still significant bearish sentiment.
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