Peering Into Lamar Advertising's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Lamar Advertising (NYSE:LAMR) has seen a 9.42% decrease in its short percent of float, now at 2.98%. This is lower than its peers' average of 5.98%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
August 20, 2024 | 8:30 pm
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Lamar Advertising's short interest has decreased by 9.42%, now at 2.98% of float, which is below the peer average of 5.98%. This could indicate a shift towards a more bullish sentiment among investors.
The decrease in short interest suggests that fewer investors are betting against Lamar Advertising, which could be interpreted as a sign of increased confidence in the stock. Additionally, the short interest is lower than the peer average, further supporting a potential positive sentiment shift.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100