Looking Into BlackRock's Recent Short Interest
Portfolio Pulse from Benzinga Insights
BlackRock's (NYSE:BLK) short percent of float has risen 15.32% since its last report, with 2.11 million shares sold short, which is 1.43% of all regular shares available for trading. It would take traders 3.23 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.12%.
August 09, 2023 | 7:30 pm
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BlackRock's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average.
An increase in short interest indicates that more traders are betting that the stock's price will fall. However, BlackRock's short interest is less than its peer group average, which could mean that the bearish sentiment is not as strong as it is for other companies in the same industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100