Looking Into Luminar Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Luminar Technologies (NYSE:LAZR) has seen a 14.04% increase in short interest, with 28.1% of its float sold short. This is significantly higher than its peers' average of 7.29%. The high short interest could indicate bearish sentiment but also presents a potential for a short squeeze.
October 29, 2024 | 3:00 pm
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Luminar Technologies has a high short interest of 28.1%, significantly above its peers' average. This could indicate bearish sentiment but also presents a potential for a short squeeze.
The increase in short interest to 28.1% of float suggests bearish sentiment towards Luminar Technologies. However, the high level of short interest compared to peers could also lead to a short squeeze if the stock price rises, as traders rush to cover their positions.
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