(LITE) - Analyzing Lumentum Holdings's Short Interest
Portfolio Pulse from Benzinga Insights
Lumentum Holdings (NYSE:LITE) has seen a decrease in its short interest by 8.87%, with 9.49 million shares sold short, representing 17.88% of its float. This is higher than its peers' average short interest of 7.61%. The decrease in short interest may indicate a shift in market sentiment.
September 10, 2024 | 4:45 pm
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Lumentum Holdings has experienced a decrease in short interest by 8.87%, now at 17.88% of its float. This suggests a potential shift in market sentiment, as fewer shares are being shorted compared to the previous report.
The decrease in short interest suggests that traders are less bearish on Lumentum Holdings, which could lead to a positive short-term impact on the stock price. The short interest is still high compared to peers, but the reduction indicates a potential shift in sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100