Looking Into Lennox Intl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Lennox International (NYSE:LII) has seen a 7.64% increase in its short percent of float, now at 3.38%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 4.05%. It would take traders 3.76 days to cover their short positions.
August 05, 2024 | 7:00 pm
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Lennox International's short interest has increased by 7.64%, now at 3.38% of float. This rise in short interest suggests growing bearish sentiment, although it remains below the peer group average of 4.05%. It would take traders 3.76 days to cover their short positions.
The increase in short interest indicates that more investors are betting against Lennox International, which could put downward pressure on the stock price in the short term. However, the short interest is still below the peer group average, which may mitigate some of the negative impact.
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