(DASH) - Analyzing DoorDash's Short Interest
Portfolio Pulse from Benzinga Insights
DoorDash's (NYSE:DASH) short percent of float has fallen 12.65% since its last report, with 13.05 million shares sold short, which is 3.59% 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 as a percentage of float, with an average of 8.41%.
September 05, 2023 | 5:00 pm
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Decrease in short interest could indicate a more bullish sentiment towards DoorDash.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock. As such, the decrease in short interest for DoorDash could potentially lead to an increase in its stock price in the short term.
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