Seeking Alpha 2025-05-19 16:08:26

Short interest declines in 5 out of 8 crypto stocks in April

Crypto-related stocks saw a mixed response from short sellers in April with five out of eight stocks witnessing a decline in short interest while the remaining three saw a rise. Among those that saw a decline were Strategy ( NASDAQ: MSTR ) where short interest declined to 12.63% from 13.41% in the previous month. MARA Holdings ( NASDAQ: MARA ), Riot Platforms ( NASDAQ: RIOT ), CleanSpark ( NASDAQ: CLSK ) and Bitfarms ( NASDAQ: BITF ) also saw short interest fall to 27.14%, 25.15%, 31.76% and 13.04% respectively. Core Scientific ( NASDAQ: CORZ ) saw the highest rise in short interest in April to 18.44% from 16.87% in March. HIVE Digital ( NASDAQ: HIVE ) and Coinbase ( NASDAQ: COIN ) also saw short interest increase to 7.1% and 4.92%. In April, Bitcoin ( BTC-USD ) rebounded to reclaim the $90,000 mark showing its resilience during a wobbly economic period triggered by tariff concerns. In March, the cryptocurrency had briefly fallen below the $75,000 mark. “Bitcoin has been trading more as a safe haven during the recent selloff as the US dollar depreciated,” said Seeking Alpha analyst Damir Tokic . In May so far, it has already climbed above the $100K mark. According to Standard Chartered , Bitcoin could reach new all-time highs of around $120K in Q2, don the back of a broad asset reallocation away from U.S. assets as well as several technical indicators. More on Cryptocurrency Bitcoin: The Rally Continues And I'm Still Behind It An Update On Coinbase's Q1 2025 Earnings (Rating Upgrade) Crypto Market Today: BTC-USD Consolidation And XRP-USD Potential Breakout Biggest stock movers Monday: Crypto stocks, ZIM, and more Strategy adds $764.9M worth of bitcoins last week