(ADC) - Analyzing Agree Realty's Short Interest
Portfolio Pulse from Benzinga Insights
Agree Realty's short interest has decreased by 22.48%, with 8.81 million shares sold short, representing 12.24% of its float. This is higher than its peers' average of 4.14%. The decrease in short interest may indicate a shift in market sentiment.
October 15, 2024 | 5:15 pm
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Agree Realty's short interest has decreased by 22.48%, with 8.81 million shares sold short, representing 12.24% of its float. This is higher than its peers' average of 4.14%. The decrease in short interest may indicate a shift in market sentiment.
The decrease in short interest by 22.48% suggests a potential shift in market sentiment towards Agree Realty, as fewer investors are betting against the stock. This could be seen as a bullish indicator, especially since the short interest is still higher than its peers, indicating a potential for a short squeeze if positive news arises.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100