(NU) - Analyzing Nu Holdings's Short Interest
Portfolio Pulse from Benzinga Insights
Nu Holdings (NYSE:NU) has seen a 27.47% decrease in short interest since its last report, with 51.70 million shares sold short, representing 1.69% of available shares. The average time to cover these short positions is 1.55 days. A decrease in short interest can indicate a more bullish sentiment towards the stock, although it does not guarantee a price rise. Nu Holdings has a higher short interest than its peer group average of 0.75%.
December 14, 2023 | 3:30 pm
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Nu Holdings's short interest has decreased, which may suggest a more bullish sentiment among investors and could potentially lead to a short-term increase in stock price.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to a short-term increase in stock price as short sellers cover their positions. However, this is not a guaranteed indicator of stock price movement and should be considered alongside other market factors.
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