How Is The Market Feeling About BlackRock?
Portfolio Pulse from Benzinga Insights
BlackRock (NYSE:BLK) has seen a 13.45% decrease in short interest since its last report, with 1.51 million shares sold short, representing 1.03% of available shares. The average time to cover these short positions is 2.28 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. BlackRock's short interest is below its peer group average of 3.23%.
November 21, 2023 | 4:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
BlackRock's decrease in short interest suggests a more bullish sentiment among investors, potentially leading to a positive short-term impact on the stock price.
The reduction in short interest for BlackRock indicates that fewer investors are betting on the stock price to fall, which could lead to a short-term increase in the stock price as market sentiment appears to be more positive.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100