(BMBL) - Analyzing Bumble's Short Interest
Portfolio Pulse from Benzinga Insights
Bumble's (NYSE:BMBL) short interest has risen by 3.39%, with 12.24 million shares sold short, representing 12.8% of its float. This is higher than the peer group average of 5.68%. It would take traders 4.49 days to cover their short positions.
August 14, 2024 | 2:30 pm
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Bumble's short interest has increased to 12.8% of its float, which is higher than the peer group average of 5.68%. This could indicate bearish sentiment but also presents a potential for a short squeeze.
The increase in short interest suggests bearish sentiment among investors. However, the high short interest also means there is potential for a short squeeze if the stock price rises, leading to a neutral short-term impact.
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