How Is The Market Feeling About Realty Income?
Portfolio Pulse from Benzinga Insights
Realty Income (NYSE:O) has seen a 39.55% increase in short interest since its last report, with 27.02 million shares sold short, representing 4.34% of its float. It would take about 3.05 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, Realty Income has less short interest compared to its peer group average of 5.36%. The rise in short interest does not necessarily predict a stock price decline.
December 28, 2023 | 6:00 pm
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Realty Income's short interest has increased, which may suggest bearish sentiment, but it remains below the peer average, indicating a less negative outlook.
The increase in short interest for Realty Income suggests that some investors are expecting the stock price to decline. However, since the level of short interest is still below the peer group average, it may not be a strong bearish signal. The short-term impact on the stock price is uncertain, as short interest is just one of many factors that can affect stock prices.
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