Bullish (NYSE:BLSH) Sees Large Growth in Short Interest

Bullish (NYSE:BLSH) saw a significant increase in short interest during the month of 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. Approximately 4.9% of the shares of the stock are short sold. Based on an average daily volume of 1,593,888 shares, the short-interest ratio is presently 4.5 days. Based on an average daily volume of 1,593,888 shares, the short-interest ratio is presently 4.5 days. Approximately 4.9% of the shares of the stock are short sold.

Key Stories Impacting Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Ripple argues regulated stablecoins are moving into the financial mainstream as clearer rules drive institutional adoption and cross-border use — a development that should grow on‑chain liquidity and institutional flows that crypto exchanges can capture. Ripple Highlights Bullish Case for Regulated Stablecoins
• Positive Sentiment: The NYSE says it’s planning a platform for tokenized securities (coverage notes talk about “Apple/Google tokens” on the exchange) — validation from a major traditional exchange could accelerate institutional tokenization, benefiting trading venues and infrastructure providers that support tokenized assets. Apple, Google Tokens On NYSE? Exchange Says Its Planning A Platform For Tokenized Securities
• Positive Sentiment: Coinbase CEO Brian Armstrong withdrew support for the proposed Crypto Clarity Act, signaling industry pushback against legislation some view as flawed — a political/regulatory dynamic that could favor industry-preferred frameworks and reduce long-term regulatory uncertainty for crypto exchanges. Coinbase CEO Withdraws Support For Clarity Act — Why It Could Be Bullish For Crypto
• Neutral Sentiment: New 2x leveraged ETFs tied to non-crypto names (Xpeng EVs and O’Reilly) reflect continued retail appetite for amplified exposure; this highlights demand for derivative and leveraged products but is only indirectly relevant to BLSH unless the firm expands into similar leveraged/derivative offerings. Bullish Traders Get New 2X ETFs Tied To Xpeng EVs And O’Reilly Auto Demand

Bullish Trading Up 0.5%

Shares of NYSE:BLSH traded up $0.20 on Tuesday, reaching $39.21. 847,677 shares of the company traded hands, compared to its average volume of 1,426,600. The stock has a market capitalization of $5.73 billion and a PE ratio of 1,960.85. The business has a 50-day simple moving average of $41.57. The company has a debt-to-equity ratio of 0.13, a current ratio of 38.78 and a quick ratio of 36.58. Bullish has a 52 week low of $34.24 and a 52 week high of $118.00.

Institutional Investors Weigh In On Bullish

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLSH. Tradewinds Capital Management LLC purchased a new position in shares of Bullish during the third quarter valued at about $25,000. Ameritas Advisory Services LLC bought a new position in shares of Bullish in the 3rd quarter worth approximately $29,000. CWM LLC purchased a new position in shares of Bullish in the 3rd quarter valued at approximately $31,000. 10Elms LLP bought a new stake in shares of Bullish during the third quarter valued at approximately $32,000. Finally, Tsfg LLC purchased a new stake in Bullish in the third quarter worth $45,000.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Bullish from $63.00 to $46.00 and set a “neutral” rating for the company in a research note on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft raised shares of Bullish from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $52.00 to $51.00 in a report on Wednesday, November 19th. Canaccord Genuity Group reduced their target price on Bullish from $68.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, November 24th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Bullish in a research note on Monday, December 29th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $50.00 price objective on shares of Bullish in a report on Tuesday, January 6th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Bullish presently has a consensus rating of “Hold” and a consensus target price of $53.58.

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.