Looking Into Digital Realty Trust's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Digital Realty Trust (NYSE:DLR) has seen a decrease in short interest, with 11.50 million shares sold short, representing 4.33% of its float. This is a 7.68% decline from its last report, requiring an average of 5.82 days for traders to cover their short positions. The decrease in short interest may indicate a more bullish sentiment towards DLR compared to its peers, where the average short interest as a percentage of float is 3.70%.
March 27, 2024 | 4:30 pm
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Digital Realty Trust's short interest has decreased, indicating a potential 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 reduction in short interest could lead to a short-term positive impact on its stock price as it indicates a shift towards a more bullish sentiment among traders and investors.
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