(CG) - Analyzing Carlyle Group's Short Interest
Portfolio Pulse from Benzinga Insights
Carlyle Group's (NYSE:CG) short interest has decreased by 3.56%, now standing at 16.43 million shares or 7.85% of its float. This decline in short interest, which now requires an average of 6.38 days to cover, could indicate a shift in market sentiment towards the stock. Despite this, it's not a direct predictor of a price increase. Compared to its peers, CG has a higher short interest percentage of float, with the average for its peer group being 2.48%.
April 05, 2024 | 2:15 pm
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Carlyle Group's short interest has decreased, indicating a potential shift in market sentiment towards the stock. However, this is not a direct predictor of stock price movement.
A decrease in short interest typically suggests that investors are becoming less bearish on a stock, which could lead to less selling pressure and potentially a price increase. However, this is not a guaranteed outcome and should be considered alongside other market factors.
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