Looking Into Essex Property Trust's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Essex Property Trust (NYSE:ESS) has seen an 8.9% increase in short interest since its last report, with 1.39 million shares sold short, representing 3.55% of its float. This indicates a bearish market sentiment, although it's not a definitive predictor of stock price movement. Essex's short interest is higher than its peer group average of 2.73%.
February 23, 2024 | 2:00 pm
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Essex Property Trust's short interest has increased, indicating a bearish sentiment among investors. However, this is not a definitive predictor of future stock performance.
An increase in short interest suggests that more investors are betting against the stock, which can be a bearish signal. However, the impact on the stock's price can vary depending on broader market conditions and company-specific news.
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