Peering Into BILL Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
BILL Holdings (NYSE:BILL) has seen a 12.22% increase in its short percent of float, now at 5.6% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, BILL Holdings still has less short interest compared to its peers, whose average short interest is 7.39%.
May 28, 2024 | 7:45 pm
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BILL Holdings has experienced a 12.22% increase in short interest, now at 5.6% of its float. This suggests a rise in bearish sentiment, although the company's short interest is still below the peer group average of 7.39%.
The increase in short interest indicates that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the fact that BILL Holdings has less short interest compared to its peers may mitigate some of this negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100