Looking Into ARMOUR Residential REIT's Recent Short Interest
Portfolio Pulse from Benzinga Insights
ARMOUR Residential REIT (NYSE:ARR) has seen a 30.95% decrease in short interest, now at 2.67 million shares or 6.09% of float. It would take 2.07 days to cover short positions. A decrease in short interest may indicate a more bullish sentiment among investors. ARR's short interest is slightly above its peer group average of 5.81%.
January 23, 2024 | 1:15 pm
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ARMOUR Residential REIT's short interest has decreased, which could suggest a more bullish sentiment among investors and potentially lead to a short-term increase in stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to a short-term increase in its price as short sellers cover their positions. However, the article also suggests that a decline in short interest does not necessarily mean the stock will rise, so while the sentiment is more bullish, the impact on the stock price is not guaranteed.
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