Looking Into Welltower's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Welltower's (NYSE:WELL) short interest has risen by 21.86%, with 10.10 million shares sold short, representing 2.23% of its float. This increase in short interest could indicate bearish sentiment among investors. However, Welltower's short interest is still lower than its peer group average of 6.54%.
June 21, 2024 | 7:30 pm
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Welltower's short interest has increased by 21.86%, now at 2.23% of its float. This rise could indicate bearish sentiment, but the company's short interest remains lower than its peers' average of 6.54%.
The increase in short interest suggests that more investors are betting against Welltower, which could put downward pressure on the stock price in the short term. However, the short interest is still lower than the peer group average, which might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100