(BTBT) - Analyzing Bit Digital's Short Interest
Portfolio Pulse from Benzinga Insights
Bit Digital's short interest has decreased by 24.87%, with 13.93% of its shares sold short. This is higher than its peers' average of 6.13%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
September 03, 2024 | 1:15 pm
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Bit Digital's short interest has decreased significantly, which may indicate a shift towards a more bullish sentiment. The current short interest is 13.93%, higher than its peers' average of 6.13%.
The decrease in short interest by 24.87% suggests that traders are less bearish on Bit Digital. With 13.93% of shares still shorted, it remains higher than peers, but the reduction could lead to a positive price movement if sentiment continues to improve.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100