Peering Into Innovative Ind Props's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Innovative Industrial Properties (NYSE:IIPR) has seen a 5.38% increase in its short percent of float, now at 12.34%. This indicates a bearish sentiment among investors, as it would take 7.54 days to cover these short positions. The company's short interest is significantly higher than its peers, whose average is 2.38%.
May 31, 2024 | 7:15 pm
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Innovative Industrial Properties (NYSE:IIPR) has experienced a 5.38% increase in short interest, now at 12.34% of its float. This suggests a bearish sentiment among investors, as it would take 7.54 days to cover these short positions. The company's short interest is significantly higher than its peers, whose average is 2.38%.
The significant increase in short interest indicates a bearish sentiment among investors. The high percentage of shares sold short compared to its peers suggests that investors are more pessimistic about IIPR's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100