How Is The Market Feeling About Nu Holdings?
Portfolio Pulse from Benzinga Insights
Nu Holdings (NYSE:NU) has seen a 9.54% decrease in its short percent of float, now at 4.74%. This suggests a shift in market sentiment, as fewer shares are being shorted. Despite this, Nu Holdings still has a higher short interest compared to its peers, whose average is 0.90%.
October 31, 2024 | 4:00 pm
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Nu Holdings has experienced a 9.54% decrease in short interest, now at 4.74% of float. This suggests a potential shift in market sentiment, as fewer shares are being shorted. However, its short interest remains higher than its peers' average of 0.90%.
The decrease in short interest suggests that market sentiment towards Nu Holdings may be becoming more positive, as fewer investors are betting against the stock. This could lead to a short-term price increase. However, the short interest is still higher than its peers, indicating some level of bearish sentiment remains.
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