How Is The Market Feeling About noco-noco?
Portfolio Pulse from Benzinga Insights
noco-noco (NYSE:NCNC) has seen a significant decrease in its short percent of float, dropping by 72.09%. Currently, 151,000 shares are sold short, representing 0.12% of its float. This is lower than its peers' average short interest of 2.23%.
October 15, 2024 | 8:30 pm
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noco-noco's short interest has decreased by 72.09%, now at 0.12% of its float, which is lower than its peers' average of 2.23%. This suggests a more bullish sentiment among investors.
The significant drop in short interest suggests that investors are less bearish on noco-noco compared to before. With short interest now below the peer average, this could indicate a more positive outlook for the stock, potentially leading to upward price movement.
CONFIDENCE 90
IMPORTANCE 80
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