How Is The Market Feeling About Ares Capital?
Portfolio Pulse from Benzinga Insights
Ares Capital's short interest has decreased by 12.32%, with 15.62 million shares sold short, representing 2.49% of its float. This is lower than its peers' average short interest of 3.65%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
October 16, 2024 | 1:00 pm
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Ares Capital's short interest has decreased by 12.32%, with 15.62 million shares sold short, representing 2.49% of its float. This is lower than its peers' average short interest of 3.65%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
The decrease in short interest suggests that investors are less bearish on Ares Capital compared to before. With short interest lower than its peers, this could indicate a more positive outlook for the stock, potentially leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100