How Is The Market Feeling About Marathon Digital Holdings?
Portfolio Pulse from Benzinga Insights
Marathon Digital Holdings (NYSE:MARA) has seen a significant increase in its short percent of float, rising 33.89% since its last report. The company now has 52.50 million shares sold short, which is 21.57% of all regular shares available for trading. This high short interest indicates bearish sentiment among investors.
May 15, 2024 | 4:30 pm
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Marathon Digital Holdings has experienced a 33.89% increase in its short percent of float, now at 21.57%. This high level of short interest suggests bearish sentiment among investors, which could lead to increased volatility in the stock price.
The significant increase in short interest indicates that many investors are betting against the stock, which typically suggests bearish sentiment. This could lead to downward pressure on the stock price in the short term.
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