How Is The Market Feeling About Datadog?
Portfolio Pulse from Benzinga Insights
Datadog's (NYSE:DDOG) short percent of float has risen 5.72% since its last report, with 10.67 million shares sold short, which is 3.88% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. Compared to its peers, Datadog has more short interest.
August 30, 2023 | 5:30 pm
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Increased short interest in Datadog indicates a bearish market sentiment. This could potentially impact the stock negatively 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, indicating a potential fall in the stock price. As Datadog's short interest has risen, this suggests a bearish sentiment towards the stock, which could potentially lead to a decrease in its price in the short term.
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