Public Storage faces rising bearish bets entering Monday's print. Short interest jumped 39% over the past month to 4.3% of float — the highest level since at least mid-March.
Short sellers now hold 7.61 million shares, representing 4.34% of the float. That marks a 5% increase over the past week and a sharp 39% climb over the month. Days to cover sits at 4.25 based on recent volume. The build-up accelerated notably after a mid-March spike, then reset, before climbing steadily through April. Utilisation reached 9.15% as of April 22, near the 52-week high of 9.21% set just days earlier on April 17.
Cost to borrow remains negligible at 0.50%, down slightly over the week but up modestly from March lows. The low CTB suggests ample share availability despite the rising short interest, indicating this is not a squeeze setup but rather a deliberate bearish positioning ahead of the PSA earnings release.
The put/call ratio spiked to 1.32 on April 23, well above the 20-day average of 1.07. The reading sits 1.3 standard deviations above the mean, signalling elevated hedging or bearish sentiment. The PCR has been volatile but trending higher over the past week after spending most of early April below 1.0. The 52-week range of 0.88 to 1.82 suggests options traders are leaning more defensive than usual but not at panic levels.
No analyst activity available in the snapshot.
Public Storage most recently reported on February 12, 2026. The stock has rallied 14.6% over the past month and gained 3% over the past week, closing at $310.82 on April 23. The 2% single-day jump suggests late momentum into the Monday after-market print. Prior earnings dates in February saw multiple scheduled events, indicating some fluidity in timing.
No active ORTEX Alpha signals are flagged for PSA heading into the print.
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