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The Trade Desk Inc (NYSE:TTD) shares are trading lower on Wednesday. The move follows a brief Monday recovery. Investors are weighing increased bearish bets against lingering industry headwinds.
The Nasdaq is up 1.71% while the S&P 500 has gained 1.14%.
• Trade Desk stock is under selling pressure. Why is TTD stock trading lower?
Short Interest Surges
Short interest in the ad-tech giant rose during the last reporting period. Shorted shares increased from 46.29 million to 49.90 million. This now represents 11.4% of the company’s publicly available float. At current volumes, it would take 2.08 days for short sellers to cover.
Publicis Fallout Lingers
Confidence remains shaken by reports …
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