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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100