Peering Into Ares Management's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ares Management (NYSE:ARES) has seen an increase in short interest, now at 2.77 million shares or 1.84% of float, taking 3.12 days on average to cover. This rise in short interest, compared to the peer group average of 2.73%, suggests a more bearish sentiment towards ARES, although it's below the peer average. Short interest is a key indicator of market sentiment, and an increase can sometimes be bullish, depending on investor strategies.
April 24, 2024 | 4:15 pm
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Ares Management's short interest has increased, now at 2.77 million shares or 1.84% of float, with a coverage time of 3.12 days. This is below the peer group average of 2.73%.
The increase in short interest for ARES indicates a bearish sentiment among some investors, but being below the peer average suggests it's not as bearish compared to similar companies. The impact on the stock price could be neutral in the short term, as increased short interest can sometimes lead to a bullish outcome depending on market reactions and investor strategies.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90