Estee Lauder Cos’s EL short percent of float has increased by 14.39% since its last report. The company recently reported that it has 3.50 million shares sold short, which represents 1.51% of all regular shares available for trading. Traders would take an average of 1.0 days to cover their short positions based on trading volume.
Why Short Interest Matters
Short interest refers to the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, hoping that the price will fall. Traders profit from short selling when the stock price decreases and incur losses if it rises.
Tracking short interest is important because it can indicate market sentiment towards a particular stock. An increase in short interest suggests a more bearish outlook from investors, while a decrease indicates a more bullish sentiment.
See Also: List of the most shorted stocks
Estee Lauder Cos Short Interest Graph (3 Months)
As depicted in the above chart, the percentage of shares sold short for Estee Lauder Cos has increased since its last report. This does not necessarily indicate an imminent decline in the stock price, but traders should be aware that more shares are being shorted.
Comparing Estee Lauder Cos’s Short Interest Against Its Peers
Comparing a company’s short interest to that of its peers is a popular technique used by analysts and investors to assess its performance. A peer group consists of companies with similar characteristics, such as industry, size, age, and financial structure. You can identify a company’s peer group by reviewing its 10-K, proxy filing, or conducting a similarity analysis.
According to Benzinga Pro, Estee Lauder Cos’s peer group has an average short interest as a percentage of float of 6.98%, indicating that the company has lower short interest compared to most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? This post by Benzinga Money explains how you can profit from it.
This article was generated by Benzinga’s automated content engine and was reviewed by an editor.
