Looking Into DoorDash's Recent Short Interest
Portfolio Pulse from Benzinga Insights
DoorDash's (NYSE:DASH) short percent of float has fallen 11.61% since its last report, with 14.94 million shares sold short, which is 4.11% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards DoorDash. Compared to its peers, DoorDash has less short interest, with an average of 8.23% for its peer group.
August 10, 2023 | 2:15 pm
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Decrease in short interest could indicate a more bullish sentiment towards DoorDash. Compared to its peers, DoorDash has less short interest.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price. Additionally, having less short interest than its peers could make DoorDash more attractive to investors.
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