Peering Into Laser Photonics's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Laser Photonics (NYSE:LASE) has seen a significant increase in short interest, with 20.26% of its float sold short, a 39.72% rise since the last report. This is notably higher than its peers' average of 4.47%. The high short interest could indicate bearish sentiment but also presents potential for a short squeeze.
October 01, 2024 | 2:00 pm
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Laser Photonics has experienced a 39.72% increase in short interest, now at 20.26% of its float, significantly higher than its peers' average. This could indicate bearish sentiment but also suggests potential for a short squeeze.
The significant increase in short interest suggests bearish sentiment towards Laser Photonics. However, the high percentage of shorted shares compared to peers could lead to a short squeeze if the stock price rises, creating volatility.
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