Peering Into Simon Property Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Simon Property Group's (NYSE:SPG) short interest has fallen by 3.28%, with 4.42 million shares sold short, representing 2.36% of its float. This is lower than the peer group average of 5.18%. The decrease in short interest may indicate a more bullish sentiment among investors.
May 29, 2024 | 1:45 pm
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Simon Property Group's short interest has decreased by 3.28%, now at 2.36% of its float. This is lower than the peer group average of 5.18%, potentially indicating a more bullish sentiment among investors.
The decrease in short interest suggests that fewer investors are betting against the stock, which can be interpreted as a sign of increased confidence in the company's performance. This could lead to a short-term positive impact on the stock price.
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