How Is The Market Feeling About DoorDash?
Portfolio Pulse from Benzinga Insights
DoorDash's (NYSE:DASH) short percent of float has risen 5.39% since its last report, with 16.81 million shares sold short, which is 4.69% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, DoorDash has less short interest as a percentage of float (8.77%).
July 14, 2023 | 8:30 pm
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Increased short interest in DoorDash indicates a bearish sentiment among investors. However, its short interest is less than the average of its peers, which could be a positive sign.
The rise in short interest indicates that more investors are betting against DoorDash, which could put downward pressure on the stock. However, the fact that DoorDash's short interest is less than its peers could mean that it is viewed more favorably than similar companies, potentially limiting its downside.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100