Looking Into Nu Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Nu Holdings (NYSE:NU) has seen a 4.38% decrease in its short percent of float, now at 2.4%. This is higher than its peers' average of 0.91%. It would take traders 3.59 days to cover short positions. A decrease in short interest can indicate a more bullish sentiment.
August 29, 2024 | 2:15 pm
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Nu Holdings has experienced a 4.38% decrease in short interest, now at 2.4% of float, which is higher than its peers' average of 0.91%. This could indicate a shift towards a more bullish sentiment.
The decrease in short interest suggests a potential shift in market sentiment towards Nu Holdings, possibly indicating a more bullish outlook. The short interest is still higher than peers, which could attract attention from investors looking for short squeeze opportunities.
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