(LUMN) - Analyzing Lumen Technologies's Short Interest
Portfolio Pulse from Benzinga Insights
Lumen Technologies (NYSE:LUMN) has seen a significant decrease in its short interest, falling 18.35% since the last report. Currently, 15.35% of its float is sold short, which is higher than the peer group average of 5.34%. This decrease in short interest could indicate a shift in market sentiment.
August 15, 2024 | 6:30 pm
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Lumen Technologies has experienced an 18.35% decrease in short interest, now at 15.35% of its float. This could indicate a shift towards a more bullish sentiment among investors.
The significant decrease in short interest suggests that fewer investors are betting against Lumen Technologies, which could be interpreted as a positive shift in market sentiment. This may lead to a short-term price increase as bearish pressure diminishes.
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