Dkng stock forecast short interest impacts DKNG stock

Short interest impacts DKNG stock forecast sentiment; current short float at 5.8% could trigger a squeeze if bullish catalysts align, particularly around upcoming earnings beats. Among recent announcements, DraftKings’ direct mobile sports betting license approval in Missouri stands out as especially relevant. This milestone opens up another regulated state market and supports the theme of ongoing market expansion, which is critical for offsetting competitive threats and maintaining growth momentum. Cathie Wood’s Ark Invest moved to capitalize on weakness in DraftKings ( NASDAQ: DKNG ), scooping up more than half a million shares of the sports-betting operator after a selloff. The stock tumbled 5.9% on Wednesday, extending its one-month slide to nearly 26% . High-frequency DKNG stock forecast signals show momentum oscillators in bullish territory. If weekly close maintains above $48, momentum traders may pile in, adding to upward pressure over the next month.