How Is The Market Feeling About BlackRock?
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. This increase in short interest can act as an indicator of market sentiment towards the stock. However, compared to its peers, BlackRock has less short interest as a percentage of float, which is 2.88% on average.
October 24, 2023 | 5:30 pm
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BlackRock's short percent of float has increased, indicating a bearish market sentiment. However, it has less short interest compared to its peers.
The increase in BlackRock's short percent of float indicates that traders are expecting the stock price to fall. However, the fact that BlackRock has less short interest compared to its peers could mean that the market is less bearish on BlackRock than on other similar companies. This could potentially limit the downside risk for BlackRock's stock price in the short term.
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