Peering Into Blackstone's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Blackstone (NYSE:BX) has seen a 4.09% increase in short interest since its last report, with 30.68 million shares sold short, representing 4.33% of its float. It would take about 6.71 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 drop. Blackstone's short interest is higher than its peer group average of 2.90%.
January 10, 2024 | 3:15 pm
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Blackstone's increased short interest suggests bearish market sentiment, but it's not a definitive indicator of an imminent price decline.
While the rise in short interest for Blackstone indicates a more bearish sentiment among investors, it is not a conclusive predictor of stock price movement. The article suggests caution, as increased short interest does not guarantee a near-term price fall. Additionally, the fact that Blackstone's short interest is above its peer group average could attract attention, but the impact on the stock price in the short term is uncertain.
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