Looking Into StoneCo's Recent Short Interest
Portfolio Pulse from Benzinga Insights
StoneCo (NYSE:STNE) has seen a decrease in short interest, with the short percent of float falling 8.41% to 4.25% of all shares available for trading. This indicates a reduction in bearish sentiment among traders, as it now takes them 1.59 days on average to cover their short positions. Compared to its peers, StoneCo has a lower short interest percentage, suggesting a relatively more bullish outlook among investors.
April 26, 2024 | 8:15 pm
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StoneCo's short interest has decreased, indicating a potential decrease in bearish sentiment and possibly a more bullish outlook in the short term.
The decrease in short interest for StoneCo suggests that traders are less bearish on the stock, which could lead to a short-term increase in its price. This is further supported by the fact that StoneCo has a lower short interest compared to its peers, indicating a relatively more bullish sentiment among investors.
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