(DASH) - Analyzing DoorDash's Short Interest
Portfolio Pulse from Benzinga Insights
DoorDash's (NYSE:DASH) short percent of float has risen 5.0% since its last report, with 14.48 million shares sold short, which is 3.99% of all regular shares available for trading. It would take traders 5.46 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 9.05%.
October 09, 2023 | 7:45 pm
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DoorDash's short percent of float has increased, indicating a bearish sentiment among traders. However, it has less short interest than most of its peers.
An increase in short interest indicates that traders are expecting the stock price to fall. However, DoorDash has less short interest than most of its peers, which could mean that the bearish sentiment is not as strong compared to other companies.
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