How Is The Market Feeling About Nu Holdings?
Portfolio Pulse from Benzinga Insights
Nu Holdings's (NYSE:NU) short percent of float has fallen 16.75% since its last report, with 48.34 million shares sold short, which is 1.59% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, compared to its peers, Nu Holdings has a higher short interest as a percentage of float (0.80%).
September 12, 2023 | 8:30 pm
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Decrease in short interest could indicate a more bullish sentiment towards Nu Holdings. However, its higher short interest compared to peers could be a concern.
A decrease in short interest usually indicates a more bullish sentiment towards a stock as fewer traders are betting on its price to fall. However, Nu Holdings has a higher short interest compared to its peers, which could indicate a higher risk or potential for price volatility.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100