Peering Into Nu Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
The short percent of float for Nu Holdings (NYSE:NU) has decreased by 21.72% since its last report, with 57.31 million shares sold short, representing 1.91% of all regular shares available for trading. It would take traders an average of 2.71 days to cover their short positions based on the current trading volume. The company's short interest is higher than the average of its peer group, which stands at 0.86%.
August 18, 2023 | 6:45 pm
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The decrease in short interest for Nu Holdings could indicate a more bullish sentiment among investors. However, its short interest is still higher than its peer group average, suggesting some level of bearish sentiment remains.
A decrease in short interest often indicates a more bullish sentiment among investors as it suggests fewer investors are betting on the stock's price to fall. However, Nu Holdings' short interest is still higher than its peer group average, suggesting that some investors remain bearish on the stock. This mixed sentiment makes it difficult to predict the short-term price direction.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100