Looking Into Datadog's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Datadog's (NYSE:DDOG) short interest has decreased by 4.65% since the last report, with 9.11 million shares sold short, representing 3.28% of available shares. The average time to cover these short positions is 1.09 days. Short interest is a market sentiment indicator, and a decrease suggests investors may be more bullish on DDOG. Compared to its peers, DDOG has a slightly higher short interest percentage of float (3.28% vs. 3.00%).
December 07, 2023 | 8:15 pm
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POSITIVE IMPACT
Datadog's short interest has decreased, indicating a potential increase in bullish sentiment among investors, which could be positive for the stock price in the short term.
A decrease in short interest typically suggests that investors are less bearish on a stock, which can lead to an increase in its price. However, short interest is just one of many factors that can affect stock prices, and the article does not guarantee a price rise. The relevance is high as the news is directly about DDOG's short interest, and the importance is significant as short interest is a key indicator of market sentiment. The confidence level is not at the maximum because market dynamics are unpredictable and influenced by numerous factors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100