Nu Holdings sees decline in short interest as market sentiment shifts

Nu Holdings has seen a 9.54% decrease in its short percent of float, now at 4.74%. The company reports 175.10 million shares sold short, indicating a shift in market sentiment. Traders would need an average of 6.77 days to cover their short positions based on current trading volume. This decline in short interest suggests a more positive outlook among investors. Compared to its peers, Nu Holdings has a higher short interest, with an average of 0.90% among similar companies. This indicates that more investors are betting against Nu Holdings than against its competitors.