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PLD Put/Call Ratio Hits 2.6-Sigma as Short Bets Jump

By ORTEX News · Edited by , Editor, ORTEX NewsUpdated 2 min readdata as of 17 Sept 2026, 11:02

Produced automatically from ORTEX data and published under the ORTEX News editorial standards set by Peter Hillerberg, Editor, ORTEX News. How we publish

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ORTEX chart of Prologis, Inc. (PLD) share price and short interest (% of free float), three months to September 16, 2026
ORTEX data as of 17 Sept 2026, 11:02

Options markets and short sellers are sending the same message on PLD. The signals are converging fast.

Puts Dominate the Options Market

The put/call ratio hit 1.09 on September 16. That is 2.6 standard deviations above its 20-day mean of 0.94. The 52-week high sits at 1.19, so this reading is near the top of the annual range. Traders are paying up for downside protection. The stock has fallen 5.2% in September and is down roughly 1.5% in the past session alone, closing at $133.74.

Short Interest Spikes 25% Overnight

Short sellers moved aggressively on September 16. Shares short jumped to 22.8 million — a 25% single-day increase. Over the past week, short interest is up 29%. Over the past month, it is up 39%.

At 2.45% of free float, the absolute short interest level remains modest. But the velocity of the move matters. Bears added roughly 4.6 million shares in a single session. That pace is notable for a large-cap industrial REIT trading over $130.

The Gap Between Bears and the Analyst Consensus

Analysts remain broadly constructive. Wells Fargo kept its Overweight rating on September 1, trimming the target only marginally from $167 to $166. RBC Capital upgraded to Outperform in August, raising its target to $160. The consensus price target stands at $158.23 — roughly 18% above the current price.

That gap is widening. PLD traded near $150 in July. The 18% implied upside from consensus targets looked modest then. At $133.74, it looks more meaningful — but the market is clearly not buying the bull case right now.

Earnings are scheduled for October 15. That date is now the focal point.

Data Summary

  • Price: $133.74, down 5.2% in September
  • Put/call ratio: 1.09 (2.6σ above 20-day average; 52-week high: 1.19)
  • Short interest: 2.45% of free float; 22.8M shares
  • SI change: +25% day-on-day, +29% week-on-week, +39% month-on-month
  • Borrow market: Availability at 2,809% — lending pool is loose; no squeeze pressure
  • Cost to borrow: 0.44% — low, consistent with easy supply
  • Analyst mean target: $158.23 (~18% upside)
  • Next earnings: October 15, 2026

Against its own history

Short interest is at its highest level in at least a year.

Against its peers

Shares moved -1.4% over the past week against a median of +0.0% for its closest peers.

Stocks in this article

See the live data behind this article on ORTEX.

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How this article was generated

Generated
17 Sept 2026, 11:11
Data as of
17 Sept 2026, 11:02
Prompt version
v1.0
Data sources
Short interestCost to borrowUtilizationOptions flowEarningsInstitutional positioningORTEX Alpha signalsRecent ORTEX notes

ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.