Looking Into Datadog's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Datadog's short interest has increased by 12.31%, with 9.06 million shares sold short, representing 3.01% of its float. This is slightly below the peer group average of 3.17%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.
October 29, 2024 | 6:45 pm
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Datadog's short interest has increased by 12.31%, with 9.06 million shares sold short, representing 3.01% of its float. This is slightly below the peer group average of 3.17%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest indicates a bearish sentiment among investors, which could lead to downward pressure on the stock price. However, the short interest is still below the peer average, which might mitigate the impact.
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