Short Interest in Bullish (NYSE:BLSH) Grows By 129.0%

Bullish (NYSE:BLSH) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 3,710,000 shares, an increase of 129.0% from the August 31st total of 1,620,000 shares. Currently, 6.2% of the company’s shares are short sold. Based on an average daily volume of 7,850,000 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 7,850,000 shares, the short-interest ratio is presently 0.5 days. Currently, 6.2% of the company’s shares are short sold.

Bullish Trading Down 4.2%

Bullish stock opened at $65.07 on Monday. The company has a market cap of $9.51 billion and a price-to-earnings ratio of -1,287.17. Bullish has a 52-week low of $47.88 and a 52-week high of $118.00.

Bullish (NYSE:BLSH) last issued its earnings results on Wednesday, September 17th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The firm 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.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BLSH shares. Jefferies Financial Group assumed coverage on Bullish in a research note on Monday, September 8th. They issued a “hold” rating and a $49.00 price target for the company. Citigroup upped their target price on Bullish from $66.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Rosenblatt Securities increased their target price on shares of Bullish from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Cantor Fitzgerald raised their price target on shares of Bullish from $56.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. Finally, Compass Point reaffirmed a “neutral” rating on shares of Bullish in a research note on Thursday, September 18th. Four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $57.33.

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.