(BX) - Analyzing Blackstone's Short Interest
Portfolio Pulse from Benzinga Insights
Blackstone (NYSE:BX) has seen a decrease in short interest, with 19.24 million shares sold short, representing 2.7% of its float. This marks an 18.67% decline since the last report, with a current short coverage time of 6.95 days. This change in short interest could indicate a shift in market sentiment towards Blackstone, potentially signaling increased bullishness among investors. Blackstone's short interest is slightly above its peer group average of 2.69%.
April 23, 2024 | 5:30 pm
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Blackstone's decrease in short interest suggests a potential shift in investor sentiment, possibly leading to increased bullishness in the short term.
A decrease in short interest typically indicates that fewer investors are betting on the stock's decline, which can be a positive signal for current or prospective investors. Given that Blackstone's short interest is now lower than before and slightly above its peer average, it suggests a relatively stronger confidence among investors in its performance compared to its peers. This could lead to a short-term positive impact on Blackstone's stock price as market sentiment shifts.
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