Looking Into Direct Digital Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Direct Digital Holdings (NYSE:DRCT) has seen a 7.27% decrease in its short percent of float, now at 3.19%. This indicates a potential shift in market sentiment as fewer shares are being shorted. The company's short interest is higher than its peers, whose average is 2.10%.
June 18, 2024 | 6:00 pm
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Direct Digital Holdings has experienced a 7.27% decrease in its short percent of float, now at 3.19%. This suggests a potential shift in market sentiment as fewer shares are being shorted. However, its short interest remains higher than its peers.
The decrease in short interest suggests that bearish sentiment is waning, which could lead to a short-term price increase. However, the stock still has higher short interest compared to its peers, indicating some level of caution among investors.
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