Peering Into Trade Desk's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Trade Desk's (NYSE:TTD) short interest has decreased by 10.08% since the last report, with 9.14 million shares sold short, representing 2.32% of its float. This decrease in short interest could indicate a more bullish sentiment towards TTD among traders. Compared to its peers, TTD has a lower short interest percentage of float, with the average for its peer group being 5.32%.
April 15, 2024 | 4:15 pm
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Trade Desk's short interest has decreased, indicating a potential bullish sentiment shift among traders.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For TTD, this reduction in short interest could reduce selling pressure and potentially lead to a price increase in the short term, especially when compared to its higher short interest peers.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90