Alexander & Baldwin Short Interest Rises 29.5%

Short interest in the Hawaii-focused REIT increased significantly in January.

Published on Feb. 3, 2026

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Alexander & Baldwin Holdings, Inc. (NYSE:ALEX), a Hawaii-focused real estate investment trust, saw a 29.5% increase in short interest during January, with 1,622,699 shares shorted as of January 15th compared to 1,252,766 shares at the end of December. This represents 2.2% of the company's outstanding shares.

Why it matters

The rise in short interest suggests some investors are taking a bearish stance on Alexander & Baldwin, which has transitioned from its agricultural origins into a diversified real estate owner, operator and developer in Hawaii. The increase in short bets could signal concerns about the company's performance or outlook.

The details

Based on the company's average daily trading volume of 714,687 shares, the current short interest represents 2.3 days to cover. Several research analysts have recently issued ratings on Alexander & Baldwin, with Piper Sandler downgrading the stock to 'neutral' and setting a $21 price target, while Janney Montgomery Scott cut its rating to 'neutral' and maintained a $21 price objective.

  • As of January 15th, 2026, there was short interest totaling 1,622,699 shares.
  • This represents a 29.5% increase from the December 31st, 2025 total of 1,252,766 shares.

The players

Alexander & Baldwin Holdings, Inc.

A Hawaii-focused real estate investment trust that transitioned from its agricultural origins into a diversified real estate owner, operator and developer.

Piper Sandler

An investment bank that downgraded Alexander & Baldwin from 'overweight' to 'neutral' and set a $21 price target.

Janney Montgomery Scott

An investment firm that cut its rating on Alexander & Baldwin from 'buy' to 'neutral' and maintained a $21 price objective.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

The takeaway

The rise in short interest in Alexander & Baldwin suggests some investors are taking a bearish view on the Hawaii-focused REIT, potentially due to concerns about its performance or outlook. The company's transition from agriculture to diversified real estate has been closely watched by the market.