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Circle Prepares for Q2 Earnings Amid Rising Short Interest

Guavy AI Editorial Team
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USDC
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Circle Internet Group Inc., the issuer of the stablecoin $USDC, is set to report its second-quarter earnings on Wednesday.

Analysts estimate Circle will post a profit of $0.13 per share, compared to a loss of $0.43 in the same quarter last year.

In the first quarter, Circle missed revenue estimates, but analysts remain bullish about the company's prospects.

The CRCL stock has been under pressure lately, with short interest rising 12% and representing 12% of Circle's publicly available float.

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