Looking Into Block's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Block Inc. (NYSE:SQ) has seen a decrease in short interest, now at 16.67 million shares or 3.03% of float, down 11.92% since the last report. It would take 1.59 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards SQ. Compared to its peers, Block has a lower short interest percentage of float (5.07% average among peers).
March 28, 2024 | 2:30 pm
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Block Inc. (SQ) experienced a decrease in short interest, indicating potentially more bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For Block Inc., this reduction in short interest could lead to a short-term positive impact on its stock price as it indicates a shift towards more bullish sentiment among traders and investors.
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