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TagsHow does short interest affect the price of HGEN in the digital currency industry?
Chess LoverNov 24, 2021 · 3 years ago1 answersCan you explain how short interest impacts the price of HGEN in the digital currency industry? I've heard that short interest can have a significant effect on the price of stocks, but I'm not sure how it applies to digital currencies like HGEN. Could you shed some light on this?
1 answers
- Short interest can have an impact on the price of HGEN in the digital currency industry. When there is a high level of short interest, it means that there are a lot of traders who have borrowed and sold HGEN with the expectation that its price will decrease. This creates selling pressure on the market, which can lead to a decline in the price of HGEN. On the other hand, if there is a low level of short interest, it indicates that there is less selling pressure, which can contribute to an increase in the price of HGEN. So, short interest can be an important factor to consider when analyzing the price movements of HGEN in the digital currency industry.Nov 24, 2021 · 3 years ago
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