(TTD) - Analyzing Trade Desk's Short Interest
Portfolio Pulse from Benzinga Insights
Trade Desk's (NYSE:TTD) short percent of float has fallen 4.29% since its last report, with 13.19 million shares sold short, which is 3.35% of all regular shares available for trading. It would take traders 1.82 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 4.64%.
August 04, 2023 | 8:45 pm
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Trade Desk's short interest has decreased, indicating a potentially more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is an indicator of market sentiment. A decrease in short interest could mean that investors are less bearish about the stock, which could potentially lead to an increase in the stock price. However, other factors also influence stock prices, so this does not guarantee a rise in Trade Desk's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100