(OWL) - Analyzing Blue Owl Cap's Short Interest
Portfolio Pulse from Benzinga Insights
Blue Owl Capital (NYSE:OWL) has seen a 16.4% increase in its short interest, with 39.91 million shares sold short, representing 8.02% of its float. This is higher than the peer group average of 3.40%. The high short interest could indicate bearish sentiment, but it may also present a bullish opportunity if the stock price rises.
October 03, 2024 | 5:45 pm
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Blue Owl Capital's short interest has increased by 16.4%, with 39.91 million shares sold short, making up 8.02% of its float. This is significantly higher than its peers' average of 3.40%, indicating potential bearish sentiment.
The increase in short interest suggests that investors are more bearish on Blue Owl Capital compared to its peers. This could lead to downward pressure on the stock price in the short term. However, if the stock price rises, it could trigger a short squeeze, leading to a potential bullish outcome.
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