How Is The Market Feeling About DoorDash?
Portfolio Pulse from Benzinga Insights
DoorDash's short percent of float has increased by 7.91%, with 14.46 million shares sold short, representing 3.82% of its float. This indicates a rise in bearish sentiment, although it is still below the peer group average of 9.93%.
June 27, 2024 | 5:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
DoorDash's short interest has increased by 7.91%, with 14.46 million shares sold short, representing 3.82% of its float. This rise in short interest indicates a growing bearish sentiment among investors, although it remains below the peer group average of 9.93%.
The increase in short interest suggests that more investors are betting against DoorDash, which could put downward pressure on the stock price in the short term. However, the short interest is still below the peer group average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100