What's Going On With Coinbase Stock Thursday?

Coinbase Global, Inc.  COIN shares are trading lower Thursday. The company is set to report second-quarter earnings on Aug. 3.

What To Know: Coinbase is expected to report a loss of one cent per share and revenue of $170,000.

According to data from Benzinga Pro, Coinbase also has increased short interest, with 21.28% of shares currently sold short.

Despite being down over 7% on Thursday, Coinbase stock has rallied 70.87% over the past three months. The stock is also up 57.33% since the beginning of the year.

Related Link: Why Carnival Corporation Stock Is Rising Today

COIN Price Action: Shares of COIN closed 7.08% at $92.69, according to Benzinga Pro.

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