Peering Into Blackstone's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Blackstone (NYSE:BX) has experienced a 14.69% increase in short interest since its last report, with 37.08 million shares sold short, representing 5.23% of its float. It would take about 8.37 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline. Blackstone's short interest is higher than its peer group average of 3.03%.
November 27, 2023 | 1:00 pm
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Blackstone's increased short interest may indicate bearish market sentiment, but it's not a definitive predictor of immediate stock price movement.
While the rise in short interest suggests that some investors are expecting the price of Blackstone's stock to fall, this is not a guaranteed outcome. Short squeezes or other market dynamics can lead to different short-term price movements. The article does not provide specific data or events that would suggest an immediate impact on the stock price.
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