Looking Into Blackstone's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Blackstone's short interest has increased by 9.32%, with 18.59 million shares sold short, representing 2.58% of its float. This is below the peer group average of 3.64%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.
October 08, 2024 | 1:15 pm
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Blackstone's short interest has increased by 9.32%, with 18.59 million shares sold short, representing 2.58% of its float. This is below the peer group average of 3.64%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest indicates a bearish sentiment among investors, which could lead to downward pressure on the stock price. However, since Blackstone's short interest is still below the peer average, the impact might be less severe.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100