(BLK) - Analyzing BlackRock's Short Interest
Portfolio Pulse from Benzinga Insights
BlackRock's (NYSE:BLK) short percent of float has risen 4.76% since its last report, with 2.61 million shares sold short, which is 1.76% of all regular shares available for trading. It would take traders 3.56 days to cover their short positions on average. BlackRock's peer group average for short interest as a percentage of float is 3.05%, which means the company has less short interest than most of its peers.
October 05, 2023 | 6:30 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
BlackRock's short interest has increased, indicating a bearish sentiment among traders. However, it has less short interest than most of its peers, which could be a positive sign.
An increase in short interest usually indicates a bearish sentiment among traders, as they expect the stock price to fall. However, BlackRock has less short interest than most of its peers, which could mean that traders are less bearish on BlackRock compared to its peers. This could potentially limit the downside risk for the stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100