CONVERTED ORGANICS (COIN) – Peering into Coinbase Global Inc. – Recent short-term interest on Class A . common stock


Coinbase Global Inc. – The short rate of Class A common stock (NASDAQ:COIN) is up 11.66% since the last report. The company recently reported that it has shorted 6.96 million shares, which is 5.17% of all regular shares available for trading. Based on trading volume, it would take traders an average of 1.5 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

Coinbase Global Inc. – Class A Common Stock Short Interest Graph (3 months)


As you can see in the chart above, the percentage of shares sold short for Coinbase Global Inc. – Class A common stock has grown since the last report. This does not mean that stocks will fall in the near term, but traders should be aware that more stocks will be shorted.

Comparison of Coinbase Global Inc. – Short-term rate of Class A common stock versus comparable stock

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, Coinbase Global Inc. – the average of the class A Common Stock for short-term interest as a percentage of the float is 5.10%, meaning the company has more short-term interest than most of its competitors.

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.

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