Peering Into NNN REIT's Recent Short Interest
Portfolio Pulse from Benzinga Insights
NNN REIT (NYSE:NNN) has seen an 8.09% increase in its short percent of float since the last report, with 3.92 million shares sold short, representing 2.94% of available shares. It would take about 2.53 days to cover these short positions. This rise in short interest indicates a more bearish market sentiment towards NNN REIT, although it has less short interest compared to its peer group average of 5.48%.
April 02, 2024 | 5:45 pm
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NNN REIT has experienced an increase in short interest, indicating a bearish market sentiment but remains below its peer group average.
The increase in short interest for NNN REIT 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 indicates it's not as heavily shorted as others, which might limit the downside.
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