How Is The Market Feeling About Digital Realty Trust?
Portfolio Pulse from Benzinga Insights
Digital Realty Trust (NYSE:DLR) has seen a 6.11% increase in its short percent of float since the last report, with 12.01 million shares sold short, representing 4.69% of its available trading shares. This indicates a bearish market sentiment, although it's not a definitive predictor of a price drop. The company's short interest is higher than its peer group average of 3.83%, suggesting more bearish sentiment compared to its peers.
February 13, 2024 | 1:15 pm
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Digital Realty Trust has experienced a significant increase in short interest, indicating a bearish market sentiment towards the stock.
The increase in short interest for Digital Realty Trust suggests that investors are becoming more bearish on the stock. This could lead to increased selling pressure and potentially a decrease in stock price in the short term. However, it's important to note that short interest is just one indicator and does not guarantee a price movement.
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