How Is The Market Feeling About Blink Charging?
Portfolio Pulse from Benzinga Insights
Blink Charging (NYSE:BLNK) has seen a decrease in short interest, now at 33.5% of its float, down 11.23% from the last report. With 19.75 million shares sold short, it would take about 3.22 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards BLNK among traders. Compared to its peers, BLNK has a higher short interest percentage, with the average for its peer group at 8.28%.
February 22, 2024 | 8:15 pm
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Blink Charging's short interest has decreased, suggesting a potential bullish sentiment among traders. The company's short interest is significantly higher than its peer average, indicating particular interest or skepticism in its stock.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. Given that BLNK's short interest is substantially higher than its peers, this reduction could signal a stronger bullish sentiment specifically towards BLNK, potentially leading to a short-term price increase.
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