Looking Into Trade Desk's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Trade Desk's short interest has decreased by 9.05%, with 9.82 million shares sold short, representing 2.21% of its float. This is lower than its peers' average short interest of 7.02%. A decrease in short interest can indicate a more bullish sentiment towards the stock.
September 09, 2024 | 3:30 pm
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Trade Desk's short interest has decreased by 9.05%, with 9.82 million shares sold short, representing 2.21% of its float. This is lower than its peers' average short interest of 7.02%. A decrease in short interest can indicate a more bullish sentiment towards the stock.
The decrease in short interest suggests that investors are becoming less bearish on Trade Desk, which could lead to a positive impact on the stock price. Additionally, Trade Desk's short interest is significantly lower than its peers, which may further support a bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100