How Is The Market Feeling About Datadog?
Portfolio Pulse from Benzinga Insights
Datadog's (NYSE:DDOG) short percent of float has risen 26.8% since its last report, with 13.53 million shares sold short, which is 4.92% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, increasing short interest can also be bullish for a stock. Datadog's peer group average for short interest as a percentage of float is 3.15%, indicating the company has more short interest than most of its peers.
September 19, 2023 | 8:45 pm
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Datadog's short percent of float has risen 26.8%, indicating a bearish sentiment among investors. However, high short interest can also be bullish. The company's short interest is higher than most of its peers.
The increase in short interest indicates a bearish sentiment among investors, which could potentially lead to a decrease in the stock price. However, high short interest can also be a bullish signal as it could lead to a short squeeze, causing the stock price to increase. The fact that Datadog's short interest is higher than most of its peers indicates that the market sentiment towards the company is more negative compared to other similar companies.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100