(BX) - Analyzing Blackstone's Short Interest
Portfolio Pulse from Benzinga Insights
Blackstone's (NYSE:BX) short percent of float has risen 21.74% since its last report, with 21.81 million shares sold short, which is 3.08% of all regular shares available for trading. This is higher than the average short interest of its peer group, which is 3.00%. Short interest can act as an indicator of market sentiment towards a stock.
September 29, 2023 | 3:15 pm
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Blackstone's short interest has increased, indicating a bearish sentiment among traders. However, this does not necessarily mean the stock price will fall.
An increase in short interest indicates that more traders are betting that the stock price will fall. However, this is not a definitive predictor of stock price movements, and other factors could influence the stock's performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100