How Is The Market Feeling About Agree Realty?
Portfolio Pulse from Benzinga Insights
Agree Realty (NYSE:ADC) has seen an 8.58% increase in short interest, now at 3.01 million shares or 4.43% of float, taking 2.77 days on average to cover. This rise in short interest could indicate a bearish market sentiment towards ADC, though it has less short interest compared to its peers' average of 5.46%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are shorting more shares.
March 13, 2024 | 7:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Agree Realty's short interest has increased by 8.58%, indicating a potential bearish sentiment among traders, though it's less than its peers.
The increase in short interest suggests that traders are expecting the price of ADC to fall, which could lead to a negative short-term impact on the stock price. However, the fact that ADC's short interest is below the peer average might mitigate some negative perceptions, indicating a mixed sentiment among investors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90