(DASH) - Analyzing DoorDash's Short Interest
Portfolio Pulse from Benzinga Insights
DoorDash's (NYSE:DASH) short interest has decreased by 15.46% since the last report, with 12.67 million shares sold short, representing 3.39% of its float. This decrease in short interest could indicate a more bullish sentiment towards DASH among investors. The company's short interest is below its peer group average of 10.27%, suggesting it is less shorted compared to its peers.
March 26, 2024 | 7:15 pm
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DoorDash's short interest has decreased significantly, indicating a potential increase in bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. Given that DoorDash's short interest is significantly lower than its last report and also below its peer group average, this could indicate a stronger confidence in the company's prospects, potentially leading to a short-term price increase.
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RELEVANCE 90