Lufax Holding Ltd. Sponsored ADR (NYSE:LU) Sees Large Drop in Short Interest

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Lufax Holding Ltd. (NYSE:LU) experienced a significant 28.1% drop in short interest during January, reaching 2,772,453 shares as of January 30th. This represents approximately 0.3% of the company’s shares outstanding, with a days-to-cover ratio of 2.5 days. Concurrently, several institutional investors and hedge funds, including Alpine Investment Management and Norges Bank, either initiated or increased their stakes in Lufax, with institutions now holding about 69.14% of the stock.

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