Looking Into Agree Realty's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Agree Realty (NYSE:ADC) has seen a 9.26% increase in its short percent of float since the last report, with 4.32 million shares sold short, representing 6.37% of available shares. It would take about 5.41 days to cover all short positions. This rise in short interest indicates a more bearish market sentiment towards ADC, although it's higher than its peer group average of 5.14% short interest as a percentage of float.
April 24, 2024 | 5:15 pm
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Agree Realty's short interest has increased, indicating a bearish market sentiment. This could lead to increased volatility in the short term.
The increase in short interest for Agree Realty suggests that investors are becoming more bearish on the stock. This bearish sentiment, reflected in the higher percentage of shares sold short compared to its peers, could lead to increased stock price volatility in the short term. However, the impact of short interest on stock prices can be complex, as high short interest can also lead to short squeezes, where the price rises sharply as short sellers cover their positions.
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