Blink Charging CO’s (NASDAQ:BLNK) short percentage or float is down 9.16% since the last report. The company recently reported that it shorted 13.88 million shares, which is 38.07% of all regular shares available for trading. Based on trading volume, it would take traders an average of 8.1 days to cover their short positions.
Why short-term interest is important
Short interest is the number of shares that have been sold short but not yet covered or closed. Short selling is when a trader sells shares of a company he does not own, hoping that the price will fall. Traders make money from short selling when the price of the stock falls and they lose when it rises.
Short-term interest rates are important to track because they can act as an indicator of market sentiment towards a particular stock. An increase in short-term interest rates can signal that investors have become more bearish, while a decrease in short-term interest rates can be a signal that they have become more bullish.
See also: List of Stocks with the Most Short Positions
Blink Charging CO Short Interest Chart (3 Months)
As you can see in the chart above, the percentage of stocks sold short for Blink Charging CO has fallen since the last report. This does not mean that stocks will rise in the short term, but traders should be aware that fewer stocks will be shorted.
Compare Blink Charging CO’s short-term interest rate with its peers
Peer comparison is a popular technique among analysts and investors to measure how well a company is performing. A company’s peer is another company that has similar characteristics such as industry, size, age, and financial structure. You can find a company’s peer group by reading the 10-K, proxy archiving, or by doing your own similarity analysis.
According to Benzinga Pro, Blink Charging CO’s peer group average for short-term interest as a percentage of float is 7.71%, meaning the company has more short-term interest than most of its peers.
Did you know that raising short-term interest rates can actually be bullish for a stock? This post from Benzinga Money explains how to take advantage of it.
This article was generated by Benzinga’s automated content engine and edited by an editor.
This post (BLNK) – What does the market think about Blink Charging CO? was original published at “https://www.benzinga.com/short-sellers/22/03/26304013/how-is-the-market-feeling-about-blink-charging-co”