Peering Into Ares Management's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ares Management's (NYSE:ARES) short interest has decreased by 3.92%, now standing at 2.85 million shares or 1.96% of its float. This decline in short interest, which now takes an average of 2.62 days to cover, could indicate a more bullish sentiment towards ARES compared to its peers, where the average short interest is 2.42% of the float.
March 27, 2024 | 3:45 pm
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Ares Management's short interest has decreased, indicating a potential bullish sentiment among investors. With a lower short interest compared to its peers, ARES might see a positive short-term price movement.
The decrease in short interest for ARES suggests that investors are becoming more bullish on the stock. Given that ARES has a lower short interest than its peer average, this could indicate stronger confidence in ARES's performance, potentially leading to positive short-term price movements.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100