Peering Into Trade Desk's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Trade Desk's (NYSE:TTD) short interest has increased by 5.17% since the last report, with 13.66 million shares sold short, representing 3.46% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 4.54%. The coverage time for these short positions is approximately 3.08 days.

March 28, 2024 | 2:15 pm
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Trade Desk's short interest has risen, indicating increased bearish sentiment. However, it remains below the peer average.
An increase in short interest typically indicates that investors are expecting the price of the stock to fall, which can lead to a negative short-term impact on the stock price. However, the fact that Trade Desk's short interest is below its peer group average suggests a relatively stronger position, potentially mitigating some negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100