How Is The Market Feeling About Blink Charging?
Portfolio Pulse from Benzinga Insights
Blink Charging (NYSE:BLNK) has seen a 5.12% increase in its short percent of float, now at 20.75%. This indicates a bearish sentiment among investors, as it would take traders 3.6 days to cover their short positions. Blink Charging's short interest is significantly higher than its peers, whose average is 9.67%.
July 19, 2024 | 3:15 pm
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Blink Charging's short percent of float has increased by 5.12% to 20.75%, indicating a bearish sentiment among investors. This could lead to increased volatility in the stock price as traders may attempt to cover their short positions.
The significant increase in short interest suggests that investors are bearish on Blink Charging. This could lead to downward pressure on the stock price as short sellers may continue to bet against the company. Additionally, the high short interest compared to peers indicates that Blink Charging is viewed more negatively than similar companies.
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