(PDD) - Analyzing PDD Holdings's Short Interest
Portfolio Pulse from Benzinga Insights
PDD Holdings (NYSE:PDD) has seen a 10.71% decrease in short interest since its last report, with 30.23 million shares sold short, representing 4.5% of its float. The average time to cover these short positions is 6.07 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. PDD Holdings has a lower short interest compared to its peer group average of 10.42%.
January 16, 2024 | 1:15 pm
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PDD Holdings's short interest has decreased, which may suggest a more bullish sentiment among investors and could potentially lead to a short-term increase in stock price.
The decrease in short interest for PDD Holdings indicates that fewer investors are betting on the stock price to fall, which could reduce selling pressure and lead to a potential increase in the stock price in the short term. However, short interest is just one of many factors that can affect stock prices, and the article does not guarantee a rise in the stock price.
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