Looking Into Coinbase Glb's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Coinbase Global (NYSE:COIN) has seen a 28.01% increase in short interest, with 11.07 million shares sold short, representing 5.53% of its float. This is higher than its peers' average short interest of 2.66%. The increase in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
October 10, 2024 | 6:00 pm
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Coinbase Global's short interest has increased by 28.01%, with 11.07 million shares sold short, making up 5.53% of its float. This is significantly higher than its peers' average of 2.66%, indicating potential bearish sentiment.
The significant increase in short interest suggests that investors are becoming more bearish on Coinbase, which could lead to downward pressure on the stock price. However, it is not a definitive indicator of a price drop.
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IMPORTANCE 80
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