(CLSK) - Analyzing Cleanspark's Short Interest
Portfolio Pulse from Benzinga Insights
Cleanspark's (NYSE:CLSK) short interest has decreased by 6.07% since the last report, with 23.20 million shares sold short, representing 12.08% of its float. This decrease in short interest could indicate a more bullish sentiment towards CLSK, despite it having a higher short interest than its peer group average of 10.17%.
April 10, 2024 | 2:00 pm
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Cleanspark's short interest has decreased, indicating a potential shift towards a more bullish market sentiment.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For Cleanspark, this reduction in short interest could reduce selling pressure and potentially lead to a price increase in the short term, especially since it's higher than its peers.
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IMPORTANCE 75
RELEVANCE 90