How Is The Market Feeling About Welltower?
Portfolio Pulse from Benzinga Insights
Welltower (NYSE:WELL) has seen a decrease in short interest, with the short percent of float dropping 6.25% since the last report. The company has 9.22 million shares sold short, representing 2.55% of available shares for trading. The current short interest suggests it would take approximately 2.96 days for traders to cover their short positions. A decrease in short interest can indicate a more bullish sentiment towards the stock, although it does not guarantee a rise in stock price. Welltower's short interest is below its peer group average of 6.14%.
November 24, 2023 | 6:00 pm
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Welltower's short interest has decreased, which may indicate a more bullish sentiment among investors. The stock has less short interest compared to its peers, which could be seen as a positive sign.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a short-term increase in its price. However, the impact on the stock price is not guaranteed and will depend on broader market conditions and investor sentiment.
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