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 3.17% since its last report, with 73.31 million shares sold short, representing 2.44% 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, with an average of 0.92%.
August 04, 2023 | 11:34 am
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Decrease in short interest could indicate a more bullish sentiment towards Nu Holdings. However, its short interest is higher than its peers' average.
A decrease in short interest usually indicates a more bullish sentiment towards a stock. However, the fact that Nu Holdings' short interest is higher than its peers' average could mean that the market is more bearish on it compared to other similar companies.
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