(EXR) - Analyzing Extra Space Storage's Short Interest
Portfolio Pulse from Benzinga Insights
Extra Space Storage (NYSE:EXR) has seen a decrease in short interest, with the short percent of float dropping 7.46% since the last report. The company has 5.79 million shares sold short, which is 3.35% of available shares, taking traders 2.65 days to cover. This decline in short interest may indicate a more bullish sentiment among investors, although it doesn't necessarily predict a near-term rise in stock price. EXR has less short interest compared to its peer group average of 4.36%.
December 07, 2023 | 5:30 pm
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Extra Space Storage's short interest has decreased, suggesting a more bullish market sentiment. However, this does not guarantee a near-term price increase.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to a potential increase in its price. However, short interest is just one of many factors that can affect stock prices, and the article does not suggest an immediate price movement.
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