How Is The Market Feeling About Datadog?
Portfolio Pulse from Benzinga Insights
Datadog's (NYSE:DDOG) short percent of float has fallen 29.62% since its last report, indicating a more bullish sentiment towards the stock. The company has 10.06 million shares sold short, which is 3.66% of all regular shares available for trading. This is higher than the average short interest of its peer group, which is 3.31%.
November 03, 2023 | 3:30 pm
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The decrease in short interest suggests a more bullish sentiment towards Datadog, which could potentially lead to an increase in its stock price in the short term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest often indicates a more bullish sentiment towards a stock, as it suggests that fewer traders 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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