(TTD) - Analyzing Trade Desk's Short Interest
Portfolio Pulse from Benzinga Insights
Trade Desk's (NYSE:TTD) short percent of float has fallen 5.07% since its last report, with 12.52 million shares sold short, which is 3.18% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Trade Desk has less short interest, with the peer group average at 6.84%.
August 22, 2023 | 8:45 pm
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Trade Desk's decrease in short interest could indicate a more bullish sentiment towards the stock. This, combined with the fact that it has less short interest than its peers, could potentially impact the stock positively in the short term.
Short interest is an indicator of market sentiment. A decrease in short interest often signals a more bullish sentiment, which could lead to an increase in the stock price. Additionally, having less short interest than its peers could make Trade Desk more attractive to investors.
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