Peering Into Blackstone's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Blackstone's (NYSE:BX) short percent of float has risen 3.44% since its last report, with 19.17 million shares sold short, which is 2.71% of all regular shares available for trading. It would take traders 5.37 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Blackstone's peer group average for short interest as a percentage of float is 3.04%, which means the company has less short interest than most of its peers.
September 12, 2023 | 4:15 pm
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Blackstone's short percent of float has increased, indicating a potentially bearish sentiment among investors. However, it has less short interest than most of its peers.
An increase in short interest can indicate a bearish sentiment among investors, which could potentially lead to a decrease in Blackstone's stock price in the short term. However, the fact that Blackstone has less short interest than most of its peers could mitigate this impact.
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