(GDDY) - Analyzing GoDaddy's Short Interest
Portfolio Pulse from Benzinga Insights
GoDaddy's (NYSE:GDDY) short interest has risen by 22.93%, with 3.57 million shares sold short, representing 3.27% of its float. This increase in short interest suggests a more bearish sentiment among investors. However, GoDaddy's short interest is still lower than the peer group average of 6.56%.
July 05, 2024 | 6:15 pm
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GoDaddy's short interest has increased by 22.93%, now at 3.27% of its float. This suggests a bearish sentiment among investors, although its short interest is still lower than the peer group average of 6.56%.
The increase in short interest indicates that more investors are betting against GoDaddy, which could lead to downward pressure on the stock price in the short term. However, the short interest is still lower than the peer average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100