Looking Into DoorDash's Recent Short Interest
Portfolio Pulse from Benzinga Insights
DoorDash's (NYSE:DASH) short percent of float has risen 5.85% since its last report, with 13.79 million shares sold short, which is 3.8% of all regular shares available for trading. It would take traders 4.45 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. DoorDash's peer group average for short interest as a percentage of float is 8.56%, which means the company has less short interest than most of its peers.
September 21, 2023 | 2:45 pm
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DoorDash's short percent of float has increased, indicating a potential bearish sentiment among investors. However, it has less short interest than most of its peers.
An increase in short interest can indicate a bearish sentiment among investors, which could potentially lead to a decrease in the stock's price. However, DoorDash has less short interest than most of its peers, which could mitigate some of the potential negative impact.
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IMPORTANCE 75
RELEVANCE 100