Looking Into Digital Realty Trust's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Digital Realty Trust's (NYSE:DLR) short interest has decreased by 7.68%, now standing at 11.50 million shares or 4.33% of its float. This decline in short interest, which now takes an average of 5.82 days to cover, could indicate a shift in market sentiment towards a more bullish outlook for DLR. Compared to its peers, DLR has a higher short interest percentage of float, suggesting it is more heavily shorted than similar companies.
March 05, 2024 | 5:30 pm
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Digital Realty Trust's short interest has decreased, indicating a potential shift towards a more bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For DLR, this could mean a reduction in bearish bets and potentially a short-term increase in stock price as market sentiment improves. However, it's important to note that short interest is just one of many factors that can influence stock prices.
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