How Is The Market Feeling About Nu Holdings?
Portfolio Pulse from Benzinga Insights
The short percent of float for Nu Holdings (NYSE:NU) has decreased by 15.77% since its last report, with 65.80 million shares sold short, representing 2.19% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. However, compared to its peers, Nu Holdings has a higher short interest as a percentage of float, which is 0.90% on average.
July 11, 2023 | 8:00 pm
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Decrease in short interest could indicate a more bullish sentiment towards Nu Holdings.
Short interest is a measure of market sentiment towards a particular stock. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock's price in the short term. However, it's important to note that Nu Holdings has a higher short interest as a percentage of float compared to its peers, which could indicate a higher level of risk.
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