How Is The Market Feeling About Datadog?
Portfolio Pulse from Benzinga Insights
Datadog's (NASDAQ:DDOG) short percent of float has risen 9.65% since its last report, with 10.22 million shares sold short, which is 3.75% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. Datadog's peer group average for short interest as a percentage of float is 3.40%, which means the company has more short interest than most of its peers.

June 29, 2023 | 5:15 pm
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The increase in short interest in Datadog's stock could indicate a bearish market sentiment towards the company. However, it's also noted that increasing short interest can sometimes be bullish for a stock.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish, while a decrease can signal they have become more bullish. However, it's also noted that increasing short interest can sometimes be bullish for a stock, as it creates a potential for a short squeeze, where a stock's price can surge due to high demand and limited supply.
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