(PLD) - Analyzing Prologis's Short Interest
Portfolio Pulse from Benzinga Insights
Prologis (NYSE:PLD) has seen a 21.19% increase in its short percent of float since the last report, with 10.13 million shares sold short, representing 1.43% of available shares. It would take about 3.49 days to cover all short positions based on current trading volume. This rise in short interest indicates a more bearish market sentiment towards PLD, although it has less short interest compared to its peers, with an average of 4.21% in the peer group.
April 23, 2024 | 4:45 pm
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Prologis has experienced a significant increase in short interest, indicating a bearish market sentiment but remains below its peer average in terms of short interest as a percentage of float.
The increase in short interest for Prologis 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 might mitigate some negative perceptions, indicating a mixed impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90