(ARES) - Analyzing Ares Management's Short Interest
Portfolio Pulse from Benzinga Insights
Ares Management's short interest has increased by 3.19%, with 3.52 million shares sold short, representing 1.94% of its float. This is below the peer group average of 3.67%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
September 27, 2024 | 4:00 pm
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Ares Management's short interest has increased to 1.94% of its float, which is below the peer average of 3.67%. This rise in short interest could indicate bearish sentiment, but it doesn't necessarily mean the stock price will fall.
The increase in short interest suggests a bearish sentiment among investors, but since Ares Management's short interest is still below the peer average, the impact on the stock price is uncertain. The market sentiment could lead to volatility, but it doesn't guarantee a price drop.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100