What's Driving the Market Sentiment Around Coinbase Global Inc?
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Coinbase Global Inc (NYSE:COIN) has seen a 7.89% increase in short interest, with 17.30 million shares sold short, representing 7.66% of available shares. It would take traders an average of 2.51 days to cover these positions. Rising short interest indicates bearish market sentiment, while a decrease suggests bullishness. Compared to its peers, Coinbase's short interest is higher, with an average of 5.86% among similar companies. This data is crucial for investors to gauge market sentiment and potential stock performance.
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