How Is The Market Feeling About Datadog?
Portfolio Pulse from Benzinga Insights
Datadog (NYSE:DDOG) has seen a 17.38% increase in short interest since the last report, with 10.71 million shares sold short, representing 3.85% of available shares. It would take about 3.43 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Datadog's short interest is higher than its peer group average of 3.23%.
December 25, 2023 | 7:15 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Datadog's increased short interest may suggest bearish market sentiment, potentially leading to increased volatility or a price decline in the short term.
The rise in short interest for Datadog indicates that a significant number of traders are betting against the stock, which could lead to downward pressure on the share price in the short term. However, this is not a guaranteed outcome as short interest is just one of many factors that can affect stock prices.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 90