Peering Into Simon Property Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Simon Property Group's short interest has increased by 7.08%, with 4.89 million shares sold short, representing 2.27% of its float. This is below the peer group average of 5.52%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.
September 03, 2024 | 5:45 pm
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Simon Property Group's short interest has increased by 7.08%, with 4.89 million shares sold short, representing 2.27% of its float. This is below the peer group average of 5.52%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest indicates a bearish sentiment among investors, but since SPG's short interest is still below the peer average, the impact on the stock price may be neutral in the short term. The market sentiment is cautious, but not overwhelmingly negative.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100