For cryptocurrency investors, the blistering rise of major digital assets has been nothing short of remarkable. Last month, the total market capitalization of all virtual currencies reached nearly $4.2 trillion. However, blockchain enterprises like MARA Holdings Inc (NASDAQ:MARA) have not fared as well. Since the start of this year, MARA stock is up less than 3%. For context, the venerable Dow Jones is up roughly 8% during the same frame.
Still, speculators may not want to give up on MARA just yet. According to the latest information, the blockchain miner's short interest stands at 35.6% of its float, which is massive. To be sure, no one number exists that officially separates the threshold between high short interest from a normal reading. That said, Charles Schwab notes that a figure of 10% or higher could indicate a warning sign.
