How Is The Market Feeling About Equity Lifestyle Props?
Portfolio Pulse from Benzinga Insights
Equity Lifestyle Properties (ELS) has seen a decrease in short interest, with the short percent of float falling 14.29% to 2.58% of all shares available for trading. This indicates a reduction in bearish sentiment among traders. The current short interest stands at 3.93 million shares, requiring approximately 2.84 days for traders to cover their short positions. Comparatively, ELS has a higher short interest than its peer group average of 2.08%, suggesting more bearish sentiment towards ELS than its peers.
February 27, 2024 | 2:15 pm
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ELS's short interest has decreased, indicating a potential reduction in bearish sentiment among traders. This could suggest a more positive outlook for ELS in the short term.
A decrease in short interest typically indicates that traders are less bearish on a stock, which can lead to a positive impact on its price in the short term. Given that ELS's short interest is higher than its peers but is decreasing, it suggests a potential shift towards a more bullish sentiment among investors.
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