Bullish (BLSH) Stock Price, News & Analysis

Company Overview

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. Since its launch, Bullish has emphasized the implementation of market rules, liquidity solutions and technology aimed at delivering robust order matching and trade execution for a range of digital tokens and related instruments.

Bullish targets a mix of institutional and retail participants and has discussed serving global markets through its exchange infrastructure and partnerships. The company’s public listing under the NYSE ticker BLSH reflects its transition to a publicly traded corporate structure and broader capital markets presence. Detailed information about corporate leadership, specific product modules or geographic offices should be confirmed from the company’s filings and official communications.

Key Stats

• Today's Range: $57.28 to $60.16
• 50-Day Range: $48.96 to $74.75
• 52-Week Range: $47.88 to $118.00
• Volume: 2.00 million shs
• Average Volume: 5.14 million shs
• Market Capitalization: $8.69 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $57.33
• Consensus Rating: Hold

Bullish Stock Analysis - MarketRank™

Bullish scored higher than 17% of companies evaluated by MarketBeat, and ranked 596th out of 668 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Bullish has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 4 buy ratings, 8 hold ratings, and no sell ratings.

Upside/Downside

The consensus price target for Bullish is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

Bullish has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Bullish is -1,175.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Bullish is -1,175.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.17% of the float of Bullish has been sold short.

Short Interest Ratio / Days to Cover

Bullish has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Bullish has recently increased by 129.01%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Bullish does not currently pay a dividend.

Dividend Growth

Bullish does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

6.17% of the float of Bullish has been sold short.

Short Interest Ratio / Days to Cover

Bullish has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Bullish has recently increased by 129.01%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.50

News Sentiment

Bullish has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.72 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 27 news articles for Bullish this week, compared to 36 articles on an average week.

Search Interest

85 people have searched for BLSH on MarketBeat in the last 30 days. This is an increase of 44% compared to the previous 30 days.

MarketBeat Follows

34 people have added Bullish to their MarketBeat watchlist in the last 30 days. This is an increase of 79% compared to the previous 30 days.

Company Ownership

• Score: N/A
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Bullish insiders have not sold or bought any company stock.

BLSH Stock Analysis - Frequently Asked Questions

How have BLSH shares performed this year?

Bullish's stock was trading at $74.75 at the beginning of 2025. Since then, BLSH stock has decreased by 20.5% and is now trading at $59.42.

How were Bullish's earnings last quarter?

Bullish (NYSE:BLSH) announced its quarterly earnings results on Wednesday, September, 17th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by $0.01. The business had revenue of $57 million for the quarter, compared to analysts' expectations of $55.91 million.
Read the conference call transcript.

When did Bullish IPO?

Bullish (BLSH) raised $1.1 billion in an initial public offering on Wednesday, August 13th 2025. The company issued 30,000,000 shares at $37.00 per share.

When did Bullish's quiet period expire?

Bullish's quiet period expired on Monday, September 22nd. Bullish had issued 30,000,000 shares in its initial public offering on August 13th. The total size of the offering was $1,110,000,000 based on an initial share price of $37.00. During Bullish's quiet period, insiders and underwriters that worked on the IPO were prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Now that the company's quiet period has ended, brokerages that served as underwriters are now able to initiate research on the company.

Who are Bullish's major shareholders?

Bullish's top institutional shareholders include Exchange Traded Concepts LLC (0.11%).

How do I buy shares of Bullish?

Shares of BLSH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Company Calendar

• Last Earnings: 9/17/2025
• Today: 10/14/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Financial Services
• Sub-Industry: Banking
• Current Symbol: NYSE:BLSH
• Previous Symbol: NYSE:BLSH
• CIK: 1872195
• Web: www.bullish.com
• Phone: 852-3761-9140
• Fax: N/A
• Employees: 400
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Bullish: $57.33
• High Price Target: $70.00
• Low Price Target: $45.00
• Potential Upside/Downside: -3.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 12 Analysts

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: 0.20
• Current Ratio: 24.59
• Quick Ratio: 22.75

Sales & Book Value

• Annual Sales: $250.26 billion
• Price / Sales: 0.03
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 146,180,000
• Free Float: N/A
• Market Cap: $8.69 billion
• Optionable: N/A
• Beta: N/A