How Is The Market Feeling About Datadog?
Portfolio Pulse from Benzinga Insights
Datadog's (NYSE:DDOG) short percent of float has risen 13.07% since its last report, with 11.53 million shares sold short, which is 4.24% 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 3.27%, which means the company has more short interest than most of its peers.
July 18, 2023 | 1:15 pm
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The increase in short interest in Datadog's shares indicates a bearish sentiment in the market. This could potentially lead to downward pressure on the stock price in the short term.
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, expecting the price to fall. As such, the increase in short interest in Datadog's shares could potentially lead to downward pressure on the stock price in the short term.
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