How Is The Market Feeling About Datadog?
Portfolio Pulse from Benzinga Insights
Datadog's (NYSE:DDOG) short percent of float has fallen 8.96% since its last report, with 10.50 million shares sold short, which is 3.86% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Datadog. However, compared to its peers, Datadog has a higher short interest as a percentage of float (3.04%).
August 04, 2023 | 8:45 pm
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Decrease in short interest could indicate a more bullish sentiment towards Datadog. However, its higher short interest compared to peers might be a concern.
A decrease in short interest usually indicates a more bullish sentiment as fewer traders are betting on the stock's price to fall. However, Datadog's higher short interest compared to its peers could indicate that traders are more bearish on Datadog than on its peers, which could potentially put downward pressure on the stock.
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