(BXP) - Analyzing Boston Props's Short Interest
Portfolio Pulse from Benzinga Insights
Boston Properties (NYSE:BXP) has seen a 7.85% increase in its short percent of float since the last report, with 8.06 million shares sold short, representing 7.01% of available shares. It would take about 5.81 days to cover these short positions based on current trading volume. This rise in short interest indicates a more bearish market sentiment towards BXP, although it has less short interest compared to its peer group average of 8.87%. The increase in short interest can be seen as a potential bullish signal for the stock.
May 03, 2024 | 5:30 pm
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Boston Properties has experienced a significant increase in short interest, indicating a bearish sentiment but also potential for a bullish reversal given its lower short interest compared to peers.
The increase in short interest for Boston Properties suggests a bearish market sentiment towards the stock. However, since it's below the peer average, this could also indicate potential for a bullish reversal, making the short-term impact neutral as the market digests this information.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90