How Is The Market Feeling About Extra Space Storage?
Portfolio Pulse from Benzinga Insights
Extra Space Storage (NYSE:EXR) has seen a 5.95% increase in its short percent of float, now at 1.96% of all regular shares. This indicates a rise in bearish sentiment, although it has less short interest compared to its peers. It would take traders 3.98 days to cover their short positions.
May 15, 2024 | 7:15 pm
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Extra Space Storage has experienced a 5.95% increase in its short percent of float, now at 1.96%. This suggests a rise in bearish sentiment, although the company has less short interest compared to its peers. It would take traders 3.98 days to cover their short positions.
The increase in short interest indicates a rise in bearish sentiment towards Extra Space Storage. While this does not guarantee a price drop, it suggests that more traders are betting against the stock. The fact that it has less short interest compared to its peers may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100