(LYFT) - Analyzing Lyft's Short Interest
Portfolio Pulse from Benzinga Insights
Lyft's short interest has increased by 4.16%, with 14.77% of its float sold short, indicating bearish sentiment. This is higher than its peers' average of 9.17%. It would take 4.38 days to cover these positions based on current trading volume.
October 22, 2024 | 1:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Lyft's short interest has increased to 14.77% of its float, indicating a bearish sentiment among investors. This is significantly higher than the peer average of 9.17%.
The increase in short interest suggests that investors are more bearish on Lyft compared to its peers. This could lead to downward pressure on the stock price in the short term as more investors bet against the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100