How Is The Market Feeling About Orchid Island Cap?
Portfolio Pulse from Benzinga Insights
Orchid Island Capital (NYSE: ORC) has seen a 12.94% decrease in its short percent of float, now at 4.71%. This is lower than its peers' average of 7.14%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
October 02, 2024 | 5:30 pm
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Orchid Island Capital's short interest has decreased by 12.94%, now at 4.71%, which is below the peer average of 7.14%. This could indicate a shift towards a more bullish sentiment among investors.
The decrease in short interest suggests that fewer investors are betting against the stock, which can be interpreted as a positive signal. Additionally, ORC's short interest is lower than its peers, potentially indicating stronger relative performance expectations.
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