What Does the Market Think About Robinhood Markets?
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Robinhood Markets (NYSE:HOOD) has seen a 7.27% increase in its short percent of float, with 31.42 million shares sold short, representing 4.13% of available shares. It would take traders an average of 1.0 days to cover these short positions. An increase in short interest can indicate bearish market sentiment, while a decrease may suggest bullish sentiment. Compared to its peers, Robinhood's short interest is higher, with an average of 3.85% among similar companies. This trend does not necessarily predict a stock price decline in the near term.
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