(LUMN) - Analyzing Lumen Technologies's Short Interest
Portfolio Pulse from Benzinga Insights
Lumen Technologies (NYSE:LUMN) has seen a 10.63% increase in its short percent of float, now at 11.24%. This is higher than its peers' average of 6.44%. The rise in short interest suggests bearish sentiment, but it could also indicate a potential bullish opportunity if the stock price rises.
September 26, 2024 | 5:00 pm
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Lumen Technologies has experienced a significant increase in short interest, now at 11.24% of its float, indicating bearish sentiment. However, this could also present a bullish opportunity if the stock price rises.
The increase in short interest to 11.24% suggests that investors are bearish on Lumen Technologies. However, high short interest can also lead to a short squeeze if the stock price rises, potentially creating a bullish scenario. The comparison with peers shows Lumen has a higher short interest, which could attract attention from traders looking for short squeeze opportunities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100