Looking Into CubeSmart's Recent Short Interest
Portfolio Pulse from Benzinga Insights
CubeSmart's (NYSE:CUBE) short interest has risen by 8.16%, with 5.93 million shares sold short, representing 3.58% of its float. This increase in short interest could indicate bearish sentiment among investors. However, CubeSmart's short interest is still below the peer group average of 4.14%.
June 04, 2024 | 2:15 pm
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CubeSmart's short interest has increased by 8.16%, now at 3.58% of its float. This rise could indicate bearish sentiment, but the short interest is still below the peer average of 4.14%.
The increase in short interest suggests that more investors are betting against CubeSmart, which could lead to downward pressure on the stock price. However, since the short interest is still below the peer average, the impact may be moderated.
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IMPORTANCE 70
RELEVANCE 100