Looking Into BlackRock's Recent Short Interest
Portfolio Pulse from Benzinga Insights
BlackRock's (NYSE:BLK) short percent of float has risen 4.35% since its last report, with 2.48 million shares sold short, which is 1.68% of all regular shares available for trading. It would take traders 5.65 days to cover their short positions on average. The company has less short interest than most of its peers, with the average for its peer group being 3.00%.
September 14, 2023 | 6:00 pm
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BlackRock's short percent of float has increased, indicating a bearish sentiment among traders. However, it has less short interest than most of its peers.
An increase in short interest indicates that more traders are betting that the stock's price will fall. However, BlackRock has less short interest than most of its peers, which could mean that the bearish sentiment is not as strong as it is for other companies in its peer group.
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IMPORTANCE 75
RELEVANCE 100