How Is The Market Feeling About Kimco Realty?
Portfolio Pulse from Benzinga Insights
Kimco Realty (NYSE:KIM) has seen a 4.0% decrease in short percent of float, now at 3.36% with 16.45 million shares sold short. This indicates a potentially more bullish market sentiment towards KIM, as it takes traders 3.43 days to cover their short positions. Compared to its peers, KIM has a lower short interest, suggesting better performance or sentiment relative to its industry.
May 10, 2024 | 7:30 pm
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The decrease in short interest for Kimco Realty suggests a more bullish sentiment from the market, potentially leading to positive short-term price movement.
A decrease in short interest typically indicates that investors are less bearish on a stock, expecting its price to rise. For Kimco Realty, this could mean improved investor confidence and potentially positive price action in the short term, especially when compared to its peers which have a higher average short interest.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90