Sun Communities sees 10% drop in short interest signaling positive market sentiment

Sun Communities has seen a 10% decrease in its short interest, with 1.41 million shares sold short, representing 1.53% of its available shares. It would take about 1.34 days for traders to cover these short positions. This decline in short interest suggests a shift in market sentiment, indicating that fewer investors are betting against the stock. In comparison, the average short interest among its peers is 2.73%, showing that Sun Communities has lower short interest than most of its competitors.