(TTD) - Analyzing Trade Desk's Short Interest
Portfolio Pulse from Benzinga Insights
Trade Desk's (NYSE:TTD) short percent of float has fallen 5.32% since its last report, with 11.25 million shares sold short, which is 2.85% of all regular shares available for trading. It would take traders 3.55 days to cover their short positions on average. Trade Desk's peer group average for short interest as a percentage of float is 4.03%, indicating the company has less short interest than most of its peers.
September 29, 2023 | 8:00 pm
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Trade Desk's short interest has decreased, indicating a potentially more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is an indicator of market sentiment. A decrease in short interest can signal a more bullish sentiment, meaning investors expect the stock price to rise. However, this is not a guarantee and other factors can influence the stock price.
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IMPORTANCE 70
RELEVANCE 100