Looking Into Upstart Hldgs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Upstart Holdings (NYSE: UPST) has seen a 7.17% increase in its short percent of float, now at 34.06%. This indicates a bearish sentiment among investors, as it would take 3.49 days to cover these short positions. The company's short interest is significantly higher than its peers, whose average is 5.80%.
June 10, 2024 | 1:00 pm
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Upstart Holdings has experienced a 7.17% increase in short interest, now at 34.06% of its float. This suggests a bearish sentiment among investors, as it would take 3.49 days to cover these short positions. The company's short interest is significantly higher than its peers, whose average is 5.80%.
The significant increase in short interest indicates a bearish sentiment among investors. This could lead to downward pressure on the stock price in the short term, especially given that the short interest is much higher than its peers.
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