Peering Into Trade Desk's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Trade Desk's (NYSE:TTD) short percent of float has fallen 3.77% since its last report, with 12.07 million shares sold short, which is 3.06% 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 as a percentage of float, with an average of 4.11%.
September 08, 2023 | 5:30 pm
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Trade Desk's short interest has decreased, potentially indicating a more bullish sentiment towards the stock. Compared to its peers, Trade Desk 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 in the short term. Furthermore, having less short interest compared to its peers could make Trade Desk more attractive to investors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100