Peering Into Blackstone's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Blackstone (NYSE:BX) has seen a decrease in short interest, with the short percent of float falling 6.52% since the last report. The company has 29.50 million shares sold short, representing 4.16% of available shares. The average time to cover these short positions is 10.96 days. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price. Blackstone's short interest is higher than its peer group average of 2.99%.
December 13, 2023 | 5:30 pm
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Blackstone's short interest has decreased, suggesting a potential shift towards a more bullish market sentiment. However, this is not a definitive predictor of stock price movement.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to a short-term increase in stock price. However, the article suggests caution, as this is not a guaranteed predictor of price movement. Blackstone's short interest is still higher than its peers, which could be a sign of ongoing skepticism among investors.
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