Peering Into Equinix's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Equinix (NYSE:EQIX) has seen a 30.82% increase in its short percent of float since the last report, with 1.39 million shares sold short, representing 1.91% of available shares. This indicates a bearish sentiment among investors, although it's not a definitive predictor of a price drop. Equinix's short interest is below its peer group average of 4.09%, suggesting less bearish sentiment compared to its peers.
March 29, 2024 | 2:30 pm
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Equinix has experienced a significant increase in short interest, indicating a bearish sentiment among investors. However, its short interest is still below the peer group average.
The increase in short interest suggests that investors are becoming more bearish on Equinix, potentially leading to downward pressure on the stock price in the short term. However, being below the peer average indicates that the sentiment is not as bearish as it could be, which might limit the downside.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90