Peering Into Nu Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Nu Holdings (NYSE:NU) has seen a 10.4% decrease in short interest, now at 47.61 million shares or 1.55% of float, taking 1.24 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards NU compared to its peers, where the average short interest as a percentage of float is 0.73%.
February 15, 2024 | 4:00 pm
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Nu Holdings's short interest has decreased by 10.4%, indicating a potential shift towards a more bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about the company's future performance. Given that NU's short interest is significantly higher than its peers but is decreasing, it could indicate a stronger bullish sentiment specifically towards NU in the short term.
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