Looking Into Camden Prop Trust's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Camden Property Trust (NYSE:CPT) has seen a 29.89% increase in short interest, with 3.49 million shares sold short, representing 4.65% of its float. This is higher than the peer group average of 3.86%. It would take traders 4.9 days to cover their short positions.
June 28, 2024 | 1:00 pm
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Camden Property Trust has experienced a significant increase in short interest, now at 4.65% of its float. This could indicate bearish sentiment among investors, although it doesn't guarantee a near-term price drop.
The significant increase in short interest suggests that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, this does not guarantee a price drop.
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