Looking Into Annaly Capital Management's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Annaly Capital Management (NYSE:NLY) has seen a 3.91% increase in short interest, now at 8.27 million shares or 1.86% of float. It would take 1.78 days to cover short positions. Despite the rise, NLY's short interest is below its peer group average of 6.81%. This increase in short interest signals a more bearish market sentiment but does not necessarily predict a near-term price drop.
March 22, 2024 | 5:15 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Annaly Capital Management's short interest has increased, indicating bearish sentiment, but remains below peer average.
The increase in short interest for NLY suggests a bearish outlook among investors. However, since the short interest is still below the peer group average, the impact on the stock price might be neutral in the short term. The market's reaction could be tempered by the fact that the overall short interest is not exceptionally high, indicating that while there is increased bearish sentiment, it is not overwhelmingly negative.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90