Peering Into Annaly Capital Management's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Annaly Capital Management (NYSE:NLY) has seen a 26.79% increase in short interest since its last report, with 14.93 million shares sold short, representing 3.36% of its float. It would take about 2.97 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. NLY's short interest is below its peer group average of 6.44%.
December 06, 2023 | 1:15 pm
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Annaly Capital Management's short interest has increased, which may indicate bearish sentiment but is still below the peer average.
The increase in short interest suggests that some investors are expecting the price of NLY to fall, which could lead to negative pressure on the stock price in the short term. However, since the short interest is below the peer average, it may not be a strong bearish signal. The impact is likely to be neutral in the short term as the market absorbs this information.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80