Looking Into Equinix's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Equinix's (NYSE:EQIX) short interest has decreased by 11.39% since the last report, with 1.29 million shares sold short, representing 1.79% of its float. This decline in short interest, which now takes an average of 4.32 days to cover, could indicate a more bullish sentiment towards EQIX compared to its peers, where the average short interest as a percentage of float is 4.01%.
February 07, 2024 | 1:15 pm
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Equinix's short interest has decreased significantly, indicating a potential bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For Equinix, this reduction in short interest could reduce selling pressure and potentially lead to a price increase in the short term, especially when compared to its peers which have a higher average short interest.
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