Peering Into Datadog's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Datadog's (NYSE:DDOG) short interest has increased by 14.19% since the last report, with 9.75 million shares sold short, representing 3.46% of its float. It would take about 4.75 days to cover all short positions based on current trading volumes. This rise in short interest indicates a more bearish market sentiment towards Datadog, although it has less short interest compared to its peer group average of 4.39%.
April 29, 2024 | 2:15 pm
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Datadog's short interest has increased, indicating a bearish market sentiment. However, it remains below the peer group average.
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 below the peer average might mitigate some negative perceptions, indicating a nuanced market view rather than outright pessimism.
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