How Is The Market Feeling About DraftKings?
Portfolio Pulse from Benzinga Insights
DraftKings (NYSE:DKNG) has seen a 15.59% decrease in short interest, now at 25.37 million shares or 5.74% of float, taking 2.54 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards DKNG compared to its peers, where the average short interest is 3.63% of float.
February 06, 2024 | 3:00 pm
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DraftKings has experienced a significant decrease in short interest, indicating a potential increase in bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a company's future prospects. For DraftKings, this reduction in short interest could lead to a short-term positive impact on its stock price as it indicates a shift towards more bullish sentiment among traders and investors.
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