Looking Into DoorDash's Recent Short Interest
Portfolio Pulse from Benzinga Insights
DoorDash's short interest has increased by 12.01%, with 13.17 million shares sold short, representing 3.45% of its float. This is lower than the peer group average of 11.07%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
September 30, 2024 | 5:45 pm
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NEUTRAL IMPACT
DoorDash's short interest has increased by 12.01%, with 13.17 million shares sold short, representing 3.45% of its float. This is lower than the peer group average of 11.07%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest indicates a bearish sentiment among investors, but since DoorDash's short interest is still below the peer average, the impact on the stock price may be neutral in the short term. The market sentiment is cautious, but not overwhelmingly negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100