Looking Into Light & Wonder's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Light & Wonder (NYSE:LNW) has seen a 6.07% increase in its short percent of float, now at 4.37%. This indicates a bearish sentiment among investors, as it surpasses the peer group average of 4.27%. It would take traders 5.09 days to cover their short positions.
September 09, 2024 | 3:15 pm
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Light & Wonder's short interest has increased by 6.07%, now at 4.37% of float, indicating a bearish sentiment. It surpasses the peer average of 4.27%, suggesting more skepticism compared to its peers.
The increase in short interest suggests that investors are more bearish on Light & Wonder compared to its peers. This could lead to downward pressure on the stock price in the short term as more investors bet against it.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100