Peering Into GoDaddy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
GoDaddy's (NYSE:GDDY) short interest has decreased by 16.26% since the last report, with 2.23 million shares sold short, representing 2.06% of its float. This decrease in short interest could indicate a more bullish sentiment towards GDDY among traders. Compared to its peers, GoDaddy has a lower short interest percentage of float, with the average for its peer group being 5.85%.
February 27, 2024 | 3:15 pm
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GoDaddy's short interest has significantly decreased, suggesting a potential bullish sentiment shift among investors.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock. For GoDaddy, this reduction could suggest that market sentiment is improving, potentially leading to a short-term price increase as investors may interpret this as a sign of strength.
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