How Is The Market Feeling About BlackRock?
Portfolio Pulse from Benzinga Insights
BlackRock's short interest has increased by 8.13%, with 1.96 million shares sold short, representing 1.33% of its float. This is below the peer group average of 3.68%. The rise in short interest suggests a bearish sentiment, but it doesn't necessarily predict a price drop.
October 28, 2024 | 6:45 pm
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BlackRock's short interest has increased by 8.13%, indicating a bearish sentiment among investors. However, its short interest is still below the peer average, suggesting relatively less bearishness compared to peers.
The increase in short interest suggests that investors are becoming more bearish on BlackRock. However, since its short interest is below the peer average, it indicates that the bearish sentiment is not as strong as for its peers. This could lead to short-term downward pressure on the stock price, but it is not a definitive indicator of a price drop.
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