Looking Into Trade Desk's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Trade Desk's (NYSE:TTD) short percent of float has risen 3.38% since its last report, with 15.64 million shares sold short, which is 3.98% of all regular shares available for trading. It would take traders 4.12 days to cover their short positions on average. The company's short interest is less than its peer group average of 4.67%.
July 03, 2023 | 3:01 pm
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Trade Desk's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average.
An increase in short interest indicates that more traders are betting that the stock's price will fall. However, Trade Desk's short interest is less than its peer group average, which could mean that it is less likely to experience a significant price drop compared to its peers.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100