Market Flash: Blue Owl Capital Corporation (OBDC) and Blue Owl Technology Finance Corp. (OTF)
EquiLend real-time data shows intraday borrow demand, a strong indication of short interest, spiking in OBDC and OTF amid renewed credit scrutiny.
Borrow demand and short interest are rising in Blue Owl Capital Corporation (OBDC) and Blue Owl Technology Finance Corp. (OTF), signaling potential growing investor concern about credit quality and liquidity.
EquiLend’s Real-Time Data showed a surge in intraday borrow activity on March 30th, with 5 million OBDC shares and 3.5 million OTF shares newly borrowed as short sellers positioned for potential further price declines. The recent surge follows a steady build-up over the past several months, with EquiLend Borrow Quantity up 38% for OBDC and 158% for OTF since the start of February.
Last month, Blue Owl Capital (OWL) saw short interest rise following its $1.4bn transaction, raising questions around valuation transparency. The latest increase in bearish positioning follows a Wall Street Journal report detailing greater-than-disclosed exposure to pressured software loans, intensifying focus on these publicly traded Business Development Companies (BDCs).
With Blue Owl under renewed scrutiny, subscribe to EquiLend’s real-time data to track every shift in short interest and see how its BDCs are being positioned by the market.
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