How Is The Market Feeling About ARMOUR Residential REIT?
Portfolio Pulse from Benzinga Insights
ARMOUR Residential REIT (NYSE:ARR) has seen a 14.58% increase in its short percent of float, now at 13.75%. This indicates a bearish sentiment compared to its peers, whose average short interest is 6.76%. It would take traders 4.39 days to cover their short positions.
October 07, 2024 | 1:30 pm
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ARMOUR Residential REIT's short interest has increased by 14.58%, now at 13.75% of float, indicating a bearish market sentiment. This is higher than its peers' average of 6.76%.
The increase in short interest to 13.75% suggests that investors are bearish on ARMOUR Residential REIT compared to its peers, which have an average short interest of 6.76%. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100