Looking Into Essex Property Trust's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Essex Property Trust (NYSE:ESS) has seen a 27.59% increase in its short percent of float, now at 1.85% of available shares. This is below the peer group average of 3.65%. The rise in short interest suggests a more bearish sentiment, but it doesn't guarantee a price drop.
October 18, 2024 | 2:45 pm
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Essex Property Trust's short interest has increased by 27.59%, now at 1.85% of float, indicating a more bearish sentiment. However, this is still below the peer average of 3.65%, suggesting less bearishness compared to peers.
The increase in short interest suggests that investors are becoming more bearish on Essex Property Trust. However, since the short interest is still below the peer average, the bearish sentiment is not as strong as it could be. This could lead to downward pressure on the stock price in the short term, but it is not guaranteed.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100