How Is The Market Feeling About Blackstone?
Portfolio Pulse from Benzinga Insights
Blackstone's (NYSE:BX) short percent of float has decreased by 8.39% since its last report, with 19.26 million shares sold short, representing 2.73% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Blackstone. Compared to its peers, Blackstone has less short interest as a percentage of float, with the average being 3.14%.
July 06, 2023 | 1:01 pm
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The decrease in short interest for Blackstone could indicate a more bullish sentiment towards the company. However, this does not necessarily mean the stock will rise in the near term.
Short interest is a measure of market sentiment towards a particular stock. A decrease in short interest can signal a more bullish sentiment, which could potentially lead to an increase in the stock price. However, other factors also influence stock prices, so this does not guarantee a rise in Blackstone's stock price.
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