Peering Into Blue Owl Cap's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Blue Owl Capital (NYSE:OWL) has seen a 19.57% decrease in short interest, now at 17.39 million shares or 4.81% of float, taking 4.21 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards OWL, despite it having higher short interest than its peer group average of 2.61%.
April 09, 2024 | 6:00 pm
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Blue Owl Capital's short interest has decreased significantly, which might indicate a shift towards a more bullish market sentiment for OWL.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. Given that OWL's short interest is still above its peer group average, this reduction could be particularly significant, signaling a potential short-term price increase as market sentiment improves.
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