How Is The Market Feeling About Bit Digital?
Portfolio Pulse from Benzinga Insights
Bit Digital (NYSE:BTBT) has seen a 14.44% increase in its short percent of float, now at 19.1%. This indicates a bearish sentiment among investors, as it has more short interest compared to its peers. It would take traders 1.52 days to cover their short positions.
July 23, 2024 | 8:15 pm
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Bit Digital's short percent of float has increased by 14.44%, now at 19.1%, indicating a bearish sentiment among investors. It would take traders 1.52 days to cover their short positions.
The significant increase in short interest suggests that investors are bearish on Bit Digital's stock. This could lead to downward pressure on the stock price in the short term as more investors bet against it.
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