(AVB) - Analyzing AvalonBay Communities's Short Interest
Portfolio Pulse from Benzinga Insights
AvalonBay Communities (NYSE:AVB) has seen a significant rise in short interest, with a 93.22% increase since the last report. Currently, 3.52 million shares are sold short, representing 3.42% of the float. Despite the increase, AVB's short interest is below the peer group average of 4.55%.
October 02, 2024 | 5:00 pm
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AvalonBay Communities has experienced a 93.22% increase in short interest, now at 3.42% of its float. This indicates a bearish sentiment among investors, although its short interest remains below the peer average of 4.55%.
The significant increase in short interest suggests a bearish sentiment among investors, which could lead to downward pressure on AVB's stock price. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100