How Is The Market Feeling About Blackstone?
Portfolio Pulse from Benzinga Insights
Blackstone's short interest has increased by 11.93%, with 19.55 million shares sold short, representing 2.72% of its float. This is below the peer group average of 3.31%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
August 21, 2024 | 3:30 pm
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Blackstone's short interest has increased by 11.93%, with 19.55 million shares sold short, representing 2.72% of its float. This is below the peer group average of 3.31%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest suggests that investors are becoming more bearish on Blackstone, which could lead to downward pressure on the stock price. However, since the short interest is still below the peer average, the impact might be limited.
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