Looking Into Datadog's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Datadog (NYSE:DDOG) has seen a decrease in short interest, with the current level at 9.57 million shares or 3.44% of float, down 6.01% since the last report. It would take about 2.71 days to cover all short positions. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise. Datadog's short interest is slightly above its peer group average of 3.30%.
November 21, 2023 | 6:00 pm
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Datadog's short interest has decreased, which may suggest a more bullish sentiment among investors. However, this is not a certain indicator of an immediate price increase.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to a short-term increase in price as the market sentiment improves. However, the impact is not guaranteed as short interest is just one of many factors that influence stock prices.
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