Looking Into Lakeland Financial's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Lakeland Financial (NYSE:LKFN) has seen a 6.75% increase in short interest, with 10.44% of its float sold short. This is higher than its peers' average of 4.23%. It would take 14.69 days to cover these positions based on current trading volume.
August 22, 2024 | 2:45 pm
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Lakeland Financial's short interest has increased by 6.75%, now at 10.44% of its float, indicating bearish sentiment. This is significantly higher than its peers' average of 4.23%.
The increase in short interest suggests that investors are becoming more bearish on Lakeland Financial compared to its peers. This could lead to downward pressure on the stock price in the short term as more investors bet against it.
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