How Is The Market Feeling About DoorDash?
Portfolio Pulse from Benzinga Insights
DoorDash's short percent of float has increased by 14.66%, with 16.59 million shares sold short, representing 4.38% of its float. This rise in short interest suggests a more bearish sentiment among investors. However, DoorDash's short interest is still lower than its peer group average of 9.98%.
July 16, 2024 | 1:00 pm
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NEGATIVE IMPACT
DoorDash's short interest has increased by 14.66%, with 16.59 million shares sold short, representing 4.38% of its float. This indicates a more bearish sentiment among investors, although its short interest is still below the peer group average of 9.98%.
The increase in short interest suggests that investors are becoming more bearish on DoorDash. However, the short interest is still lower than the peer group average, which may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100