Looking Into Lululemon Athletica's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Lululemon Athletica's short interest has increased by 21.01%, with 5.47 million shares sold short, representing 5.53% of its float. This is below the peer group average of 9.74%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
October 15, 2024 | 1:00 pm
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NEGATIVE IMPACT
Lululemon Athletica's short interest has increased by 21.01%, with 5.47 million shares sold short, representing 5.53% of its float. This is below the peer group average of 9.74%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest suggests that investors are becoming more bearish on Lululemon Athletica, which could lead to downward pressure on the stock price. However, the short interest is still below the peer average, which might mitigate the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100