How Is The Market Feeling About BlackRock?
Portfolio Pulse from Benzinga Insights
BlackRock's (NYSE:BLK) short interest has increased by 12.15% since the last report, with 1.78 million shares sold short, representing 1.2% of its float. This indicates a bearish market sentiment towards BLK, although it has less short interest compared to its peers' average of 2.77%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.
April 09, 2024 | 1:15 pm
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BlackRock's short interest has risen by 12.15%, indicating a bearish market sentiment. However, its short interest is below the peer average, suggesting a relatively stronger position.
The increase in short interest for BlackRock suggests that traders are becoming more bearish on the stock, potentially leading to short-term price pressure. However, being below the peer average in short interest might mitigate some negative impact, indicating a mixed outlook.
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