(ANSS) - Analyzing Ansys's Short Interest
Portfolio Pulse from Benzinga Insights
Ansys's (NASDAQ:ANSS) short percent of float has risen 20.69% since its last report, with 953 thousand shares sold short, which is 1.4% of all regular shares available for trading. It would take traders 2.1 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Ansys's peer group average for short interest as a percentage of float is 3.50%, which means the company has less short interest than most of its peers.
June 29, 2023 | 1:30 pm
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Ansys's short percent of float has increased, indicating a potential bearish sentiment among investors. However, compared to its peers, Ansys has less short interest.
An increase in short interest can indicate a bearish sentiment among investors, which could potentially lead to a decrease in the stock's price. However, Ansys has less short interest than its peers, which could mitigate some of this potential downward pressure.
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