Peering Into Ares Capital's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ares Capital's (NYSE:ARCC) short interest has decreased by 11.59%, with 16.09 million shares sold short, representing 2.67% of its float. This decline in short interest could indicate a more bullish sentiment towards ARCC among investors. The company's short interest is slightly below its peer group average of 2.69%.
May 03, 2024 | 3:00 pm
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Ares Capital's short interest has decreased, indicating a potential bullish sentiment shift among investors. This could suggest a short-term positive impact on ARCC's stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, potentially leading to a rise in its price. Given that ARCC's short interest is now below the peer average, this could be seen as a positive signal by the market, possibly driving up the stock price in the short term.
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