Looking Into Sun Communities's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sun Communities (NYSE:SUI) has seen a 3.37% increase in its short percent of float, now at 1.84% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, compared to its peers, Sun Communities has a lower short interest percentage.
June 18, 2024 | 2:15 pm
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Sun Communities has experienced a 3.37% increase in short interest, now at 1.84% of its float. This suggests a rise in bearish sentiment, although its short interest is still lower than the peer group average of 2.50%.
The increase in short interest indicates that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the fact that its short interest is still lower than its peers may mitigate some of this negative sentiment.
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