How Is The Market Feeling About BlackRock?
Portfolio Pulse from Benzinga Insights
BlackRock's (NYSE:BLK) short percent of float has fallen 12.68% since its last report, indicating a more bullish sentiment towards the stock. The company has 1.84 million shares sold short, which is 1.24% of all regular shares available for trading. Compared to its peers, BlackRock has less short interest as a percentage of float, with an average of 3.16%.
July 24, 2023 | 1:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
BlackRock's decreased short percent of float suggests a more bullish sentiment towards the stock. This could potentially lead to an increase in the stock's price in the short term.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer investors are betting on the stock's price to fall. This could potentially lead to an increase in demand for the stock, and subsequently, an increase in its price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100