Bullish (NYSE:BLSH) Short Interest Update

Key Points

• Bullish (NYSE:BLSH) experienced a significant increase in short interest in September, growing by 129.0% to 3,710,000 shares.
• Analysts have assigned a consensus Hold rating for Bullish, with an average price target of $57.33 following recent upgrades.
• The company's stock is currently trading at $65.07, showing a 4.2% decline in midday trading, with a market cap of $9.51 billion.

Bullish (NYSE:BLSH - Get Free Report) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 3,710,000 shares, a growth of 129.0% from the August 31st total of 1,620,000 shares. Approximately 6.2% of the company's stock are short sold. Based on an average trading volume of 7,850,000 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 7,850,000 shares, the days-to-cover ratio is currently 0.5 days. Approximately 6.2% of the company's stock are short sold.

Analysts Set New Price Targets

A number of research analysts have commented on BLSH shares. Zacks Research raised shares of Bullish to a "hold" rating in a research report on Tuesday, September 9th. Compass Point reiterated a "neutral" rating on shares of Bullish in a report on Thursday, September 18th. Deutsche Bank Aktiengesellschaft started coverage on Bullish in a research report on Monday, September 8th. They issued a "hold" rating and a $51.00 price target for the company. Wall Street Zen raised Bullish from a "sell" rating to a "hold" rating in a research report on Friday. Finally, Sanford C. Bernstein started coverage on Bullish in a research report on Monday, September 8th. They set a "market perform" rating and a $60.00 price objective on the stock. Four analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $57.33.

Bullish Trading Down 4.2%

Bullish stock traded down $2.84 during mid-day trading on Friday, hitting $65.07. The company had a trading volume of 4,645,394 shares, compared to its average volume of 4,855,460. The firm has a market cap of $9.51 billion and a PE ratio of -1,287.17. Bullish has a 12-month low of $47.88 and a 12-month high of $118.00.

Bullish (NYSE:BLSH - Get Free Report) last posted its quarterly earnings data on Wednesday, September 17th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The company had revenue of $57.00 million during the quarter, compared to the consensus estimate of $55.91 million. Bullish has set its Q3 2025 guidance at EPS.

About Bullish

Bullish is an institutionally focused global digital asset platform that provides market infrastructure and information services. Our objective is to provide mission critical products and services that are designed to help institutions grow their businesses, empower individual customers, and drive the adoption of stablecoins, digital assets, and blockchain technology.

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