Looking Into Crown Castle's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Crown Castle (NYSE:CCI) has seen a 12.4% increase in its short percent of float, now at 1.45% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, compared to its peers, Crown Castle has a lower short interest percentage.
August 06, 2024 | 7:45 pm
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Crown Castle's short interest has increased by 12.4%, now at 1.45% of its float. This rise in short interest suggests a bearish sentiment among investors. However, its short interest is still lower than the peer group average of 4.55%.
The increase in short interest indicates a bearish sentiment among investors, which could put downward pressure on the stock price in the short term. However, the fact that Crown Castle's short interest is still lower than its peers may mitigate some of this negative impact.
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