(VICI) - Analyzing VICI Props's Short Interest
Portfolio Pulse from Benzinga Insights
VICI Props's (NYSE:VICI) short interest has increased by 13.5% since the last report, with 23.92 million shares sold short, representing 2.69% of available shares. It would take about 4.2 days to cover these short positions. This rise in short interest indicates a more bearish market sentiment towards VICI, although it has less short interest compared to its peers, with an average of 4.31% in the peer group. This information suggests investors are showing increased bearishness but VICI is still below the peer average for short interest.
March 28, 2024 | 6:00 pm
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NEGATIVE IMPACT
VICI Props's short interest has increased, indicating a bearish market sentiment. However, it remains below the peer average, suggesting a moderate impact.
The increase in short interest for VICI Props suggests that investors are becoming more bearish on the stock, potentially leading to downward pressure on its price in the short term. However, being below the peer average in short interest might mitigate the impact slightly, as it indicates that VICI is not the primary target of bearish sentiment compared to its peers.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90