Peering Into Prologis's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Prologis (NYSE:PLD) has seen a decrease in short interest, with the current short percent of float at 1.16%, down 12.78% from the last report. The company has 9.58 million shares sold short, requiring approximately 2.89 days for traders to cover. This decline in short interest could indicate a more bullish sentiment towards PLD among investors. Additionally, Prologis has a lower short interest compared to its peer group average of 3.84%.
February 27, 2024 | 1:45 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Prologis has experienced a significant decrease in short interest, indicating a potential increase in bullish sentiment among investors. This could suggest a positive short-term outlook for PLD's stock price.
The decrease in short interest for Prologis suggests that fewer investors are betting against the stock, which can be interpreted as a positive sentiment towards the company's future performance. Given that short interest can act as an indicator of market sentiment, this reduction may lead to a short-term increase in stock price as investor confidence grows.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100