Looking Into Trade Desk's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Trade Desk's short interest has increased by 8.1%, with 11.87 million shares sold short, representing 2.67% of its float. This is below the peer group average of 6.01%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
October 29, 2024 | 7:00 pm
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Trade Desk's short interest has increased by 8.1%, with 11.87 million shares sold short, representing 2.67% of its float. This is below the peer group average of 6.01%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest suggests a bearish sentiment among investors, but since the short interest is still below the peer average, it may not have a significant negative impact on the stock price. The market sentiment could be mixed, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100