Looking Into Synopsys's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Synopsys's (NYSE:SNPS) short percent of float has fallen 42.98% since its last report, with 990 thousand shares sold short, which is 0.65% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Synopsys's short interest as a percentage of float is less than its peer group average of 3.43%.
July 13, 2023 | 3:45 pm
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The decrease in short interest in Synopsys could indicate a more bullish sentiment towards the stock, potentially impacting its price positively in the short term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock, which could drive up its price. Synopsys's short interest has decreased significantly, which could indicate a more bullish sentiment towards the stock.
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