Looking Into Ares Capital's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ares Capital's (NYSE:ARCC) short interest has increased by 11.9% since the last report, with 25.59 million shares sold short, representing 4.42% of its float. This indicates a bearish market sentiment towards ARCC, as it takes traders approximately 5.71 days to cover their short positions. Comparatively, ARCC has a higher short interest than its peer group average of 2.52%, suggesting more bearish sentiment towards it than its peers.
March 05, 2024 | 2:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ares Capital's increased short interest suggests a bearish market sentiment, potentially leading to increased volatility in the short term.
The rise in short interest for ARCC indicates that a significant number of traders are betting against the stock, expecting its price to fall. This bearish sentiment can lead to increased volatility and potentially a decrease in stock price in the short term, especially given that ARCC's short interest is higher than its peer group average.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100