(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. The company has less short interest than most of its peers, with an average of 4.19%.
October 16, 2023 | 3:45 pm
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Trade Desk's short interest has decreased, indicating a potentially more bullish sentiment towards the stock.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it suggests fewer investors 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.
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