How Is The Market Feeling About Cadence Design Sys?
Portfolio Pulse from Benzinga Insights
Cadence Design Sys's (NYSE:CDNS) short percent of float has fallen 52.34% since its last report, indicating a decrease in bearish sentiment towards the stock. The company has 2.08 million shares sold short, which is 1.02% of all regular shares available for trading. Compared to its peers, Cadence Design Sys has less short interest as a percentage of float, which is 3.41% on average.
July 19, 2023 | 2:00 pm
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Decrease in short interest indicates less bearish sentiment towards Cadence Design Sys. This could potentially lead to a more stable or positive price movement in the short term.
Short interest is an indicator of market sentiment. A decrease in short interest suggests that traders are less bearish on the stock, which could potentially lead to less selling pressure and a more stable or positive price movement in the short term.
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