Peering Into Datadog's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Datadog's (NYSE:DDOG) short interest has increased by 18.08% since the last report, with 11.77 million shares sold short, representing 4.18% of its float. This indicates a bearish market sentiment, although it's higher than its peer group average of 3.95%. The coverage time for these short positions is approximately 1.81 days.
March 11, 2024 | 8:15 pm
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Datadog's short interest has risen by 18.08%, indicating a bearish market sentiment. However, this is above the peer group average, suggesting relative strength.
The increase in short interest suggests that investors are becoming more bearish on Datadog, potentially leading to downward pressure on the stock price in the short term. However, being above the peer group average could also indicate that Datadog is viewed more favorably than its peers, which might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100