(TTD) - Analyzing Trade Desk's Short Interest
Portfolio Pulse from Benzinga Insights
Trade Desk's (TTD) short interest has decreased by 13.36% since the last report, with 8.85 million shares sold short, representing 2.01% of its float. This decline in short interest could indicate a more bullish sentiment towards TTD among investors. Compared to its peers, TTD has a lower short interest percentage of float, suggesting it may be performing better than similar companies.
May 10, 2024 | 3:45 pm
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The decrease in short interest for Trade Desk suggests a growing bullish sentiment among investors, potentially leading to a positive short-term price movement.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to an increase in its price in the short term. Given that TTD's short interest is also lower than its peer average, this suggests a stronger confidence in its performance relative to similar companies.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100