Bullish (NYSE:BLSH) Short Interest Update
by Kim Johansen · The Markets DailyBullish (NYSE:BLSH – Get Free Report) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 7,153,318 shares, an increase of 23.7% from the December 15th total of 5,781,683 shares. Based on an average daily trading volume, of 1,593,888 shares, the short-interest ratio is presently 4.5 days. Currently, 4.9% of the company’s stock are short sold. Currently, 4.9% of the company’s stock are short sold. Based on an average daily trading volume, of 1,593,888 shares, the short-interest ratio is presently 4.5 days.
Bullish Price Performance
NYSE:BLSH traded up $1.31 during mid-day trading on Monday, hitting $39.01. 1,141,101 shares of the company’s stock traded hands, compared to its average volume of 1,276,629. The firm’s 50 day moving average price is $41.57. The company has a quick ratio of 36.58, a current ratio of 38.78 and a debt-to-equity ratio of 0.13. Bullish has a 12 month low of $34.24 and a 12 month high of $118.00.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on BLSH shares. Sanford C. Bernstein reiterated a “market perform” rating and set a $50.00 price target on shares of Bullish in a research note on Tuesday, January 6th. Citigroup decreased their target price on Bullish from $77.00 to $67.00 and set a “buy” rating for the company in a research report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft upgraded Bullish from a “hold” rating to a “buy” rating and lowered their price target for the company from $52.00 to $51.00 in a report on Wednesday, November 19th. Canaccord Genuity Group reduced their price objective on shares of Bullish from $68.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, November 24th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Bullish from $63.00 to $46.00 and set a “neutral” rating for the company in a report on Tuesday, November 18th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $53.58.
Read Our Latest Stock Analysis on Bullish
Hedge Funds Weigh In On Bullish
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Exchange Traded Concepts LLC acquired a new position in Bullish during the 3rd quarter valued at $10,423,000. CWM LLC acquired a new stake in Bullish in the 3rd quarter worth $31,000. Albion Financial Group UT bought a new position in shares of Bullish during the 3rd quarter worth about $64,000. Renaissance Capital LLC acquired a new position in shares of Bullish during the third quarter valued at about $2,436,000. Finally, Tradewinds Capital Management LLC bought a new stake in shares of Bullish in the third quarter valued at about $25,000.
Bullish Company Profile
Bullish (NYSE: BLSH) is a company that develops and operates digital asset market infrastructure, including a cryptocurrency trading platform and related technology services. The firm’s stated activities focus on providing exchange services, market structure and trading technology designed to support the listing, execution and clearing of digital assets. Bullish positions itself as a bridge between traditional capital markets practices and the evolving cryptocurrency ecosystem.
The business was announced in connection with Block.one, the software developer known for its work on the EOS blockchain, and was formed with the intent of creating a regulated, institutional-grade marketplace for digital assets.